ICICI Prudential Mutual Fund has announced 0.1770 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Equity - Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend was February 17.

The investment objective of the open ended equity scheme is generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in debt and money market instruments.

Manish Banthia is the fund manager of the scheme.