Franklin Templeton announces 40% dividend for growth fund

Private sector mutual fund house Franklin Templeton Investments (FTI) India today announced a 40 per cent dividend on its open-ended growth fund.

Mumbai, Dec 15: Private sector mutual fund house
Franklin Templeton Investments (FTI) India today announced a
40 per cent dividend on its open-ended growth fund.

FTI would distribute a tax-free dividend of Rs 4 per unit
of face value of Rs 10 in its open-ended diversified equity
fund Templeton India Growth Fund (TIGF), a company statement
said.

The fund manages over Rs 338 crore 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.

Bureau Report

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