ICICI Prudential AMC — monthly dividend skipped straightaway in icici equity and debt fund - monthly dividend option!!! | |||
I have invested in their equity and debt fund monthly dividend option and they have not declared a dividend for the month of april '20& may 20 as well. Upon asking i got a reply that they dont have distributable amount because of market conditions covid19 etc. And they may or may not declare the future dividends. My complaints : 1) they have not published news on their website regarding skipping of dividends!!! 2) when fund is named as icici prudential equity and debt fund monthly dividend option then why they are skipping the dividends?? As they are the experts in the equity & debt market they should act according to market volatility and should payout dividend on monthly basis!! They can reduce dividend amount but skipping the dividend altogether is arising lot of questions in my mind. 3) if they are skipping it for now then how they are going to compensate it when they are having enough distributable surplus in near future once things gets normalize they have not answered my question. Emailed several times but i couldn't get satisfactory answers pertaining to my specific questions. This is not at all acceptable to me. Was this information helpful? | |||
ICICI Prudential AMC customer support has been notified about the posted complaint. | |||
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2nd Floor, Block B-2, Nirlon Knowledge Park, Western Express Highway, Goregaon (East), Mumbai, Maharashtra, India - 400063
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