Franklin India Bluechip Fund announces tax-free dividend

MUMBAI: Franklin Templeton Investments (India) has announced a tax-free dividend of Rs 7 per unit on the face value of Rs 10 in its open-end diversified equity fund – Franklin India Bluechip Fund. All investors registered in the Dividend Plan as on January 9, 2008 will receive this tax-free dividend.

The record date for the dividend is January 9 and any purchases on or before this date will be eligible for the dividend. There will be a one-day book closure for the growth and dividend plans in the respective funds on January 10, and will reopen for fresh purchases and redemptions on January 11.

Under the dividend reinvestment plan, the dividend declared will be reinvested in the respective funds at the NAV of January 11, and unitholders will be allotted additional units for the dividend amount.