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AMC News Franklin Templeton announces tax-free dividend in Templeton India Growth Fund

Franklin Templeton announces tax-free dividend in Templeton India Growth Fund

Team Cafemutual Dec 5, 2016

Franklin Templeton Investments (India), one of the largest* fund houses in the country has announced tax-free dividend in Templeton India Growth Fund (TIGF). All investors registered in the Dividend Plan as on December 9, 2016 will receive this tax-free dividend. 

Name of the Scheme/Plan

Amount of Dividend Per Unit (Rs.)

Face Value Per Unit (Rs.)

 

NAV per unit as on December 1, 2016 (Rs)

Templeton India Growth Fund - Dividend Plan

5.00

10

64.3058

Templeton India Growth Fund – Direct - Dividend Plan

5.00

10

66.1448

The record date for the dividend is December 9, 2016 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 December 12, 2016 and unitholders will be allotted additional units for the dividend amount. If in any case the Record Date falls on a non-Business Day, the immediately following Business Day shall be the Record Date.

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