Franklin Templeton announces tax-free dividend
The record date for the dividend is March 23, 2010 and any purchases on or before this date will be eligible for the dividend.
By ET Online |
NEW DELHI: Franklin Templeton Investments (India), one of the largest fund houses in the country, has announced a tax-free dividend of Rs 2.00 per unit (face value of Rs10), in its Franklin India Flexi Cap Fund. All investors registered in the dividend plan as on March 23, 2010 will receive this tax-free dividend. (Pursuant to payment of dividend, the NAV of the fund would fall to the extent of payout), Franklin Templeton said in a press release here.
The record date for the dividend is March 23, 2010 and any purchases on or before this date will be eligible for the dividend. Under the dividend reinvestment plan, the dividend declared will be reinvested in the fund at the NAV of March 25, 2010 and unitholders will be allotted additional units for the dividend amount.
The record date for the dividend is March 23, 2010 and any purchases on or before this date will be eligible for the dividend. Under the dividend reinvestment plan, the dividend declared will be reinvested in the fund at the NAV of March 25, 2010 and unitholders will be allotted additional units for the dividend amount.
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