ICICI Mutual Fund had declared dividend under ICICI Prudential Discovery Fund. The record date for dividend distribution is 30th March, 2011. The quantum of dividend for distribution is Rs. 1.50 per unit on the face value of Rs. 10 per unit. ICICI Prudential Discovery Fund has an investment objective to generate returns by investing in a well-diversified portfolio of value stocks (those having attractive valuations inrelation to earnings or book value or current and/or future dividends). The fund is managed by Mr. Sankaran Naren and is benchmarked against S&P CNX Nifty. The fund was launched on 16th August, 2004.