SUBSCRIBE NEWSLETTER
AMC News FRANKLIN TEMPLETON ANNOUNCES A TAX-FREE DIVIDEND IN TEMPLETON INDIA EQUITY INCOME FUND

FRANKLIN TEMPLETON ANNOUNCES A TAX-FREE DIVIDEND IN TEMPLETON INDIA EQUITY INCOME FUND

Team Cafemutual Mar 14, 2017

Franklin Templeton Investments (India), has announced tax-free dividend in its fund - Templeton India Equity Income Fund (TIEIF). Investors registered in the Dividend Plan will receive this tax-free dividend.

Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable).

 

Name of the Scheme/Plan

Amount of Dividend Per Unit (Rs.)

Face Value Per Unit (Rs.)

 

NAV per unit as on March 9, 2017 (Rs)

TIEIF – Dividend Plan

0.70

10

15.7970

TIEIF – Direct - Dividend Plan

0.70

10

16.2417

                                                                                               

Under the dividend reinvestment plan, the dividend declared will be reinvested in the Fund at the NAV of March 20, 2017 and unitholders will be allotted additional units for the dividend amount.

0 Comment
Be the first to comment.
Wish to stay on top of your game? Get daily tips, ideas and articles to grow your business.
Subscribe to Cafemutual Newsletter.