FTI announces 40 pc dividend for Growth Fund
Private sector mutual fund house, Franklin Templeton Investments (FTI) India, has announced a dividend of 40 per cent for its open ended growth fund.
By PTI |
MUMBAI: Private sector mutual fund house, Franklin Templeton Investments (FTI) India, has announced a dividend of 40 per cent for its open ended growth fund.
FTI would distribute a tax free dividend of Rs 4 per unit on face value of Rs 10, in its open-ended diversified equity fund Templeton India Growth Fund (TIGF), according to a release issued by the company here on Friday.
The fund manages over Rs 338 crores of assets for about 24,500 investors.
FTI also announced a dividend of 20 per cent or Rs 2 per unit on face value of Rs 10, in Templeton India Pension Plan.
The dividend declared under the pension plan will be reinvested at the NAV of December 22, 2006 and unit holders will be allotted additional units for the dividend amount.
The record date for the dividend distribution for both the schemes has been fixed as December 20, 2006.
FTI would distribute a tax free dividend of Rs 4 per unit on face value of Rs 10, in its open-ended diversified equity fund Templeton India Growth Fund (TIGF), according to a release issued by the company here on Friday.
The fund manages over Rs 338 crores of assets for about 24,500 investors.
FTI also announced a dividend of 20 per cent or Rs 2 per unit on face value of Rs 10, in Templeton India Pension Plan.
The dividend declared under the pension plan will be reinvested at the NAV of December 22, 2006 and unit holders will be allotted additional units for the dividend amount.
The record date for the dividend distribution for both the schemes has been fixed as December 20, 2006.
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