Franklin Templeton Investments has announced dividend in Franklin India Pension Plan (FIPEP) and Franklin Build India Fund (FBIF) as given below. All investors registered in the Dividend Plans as on December 30, 2016 will receive this dividend. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable). Investment of up to Rs.1.5 Lakhs in FIPEP during the current financial year (2016-17) would also be eligible for tax benefits under Section 80C of the Income Tax Act, 1961.
|
Name of the Scheme/Plan |
Amount of Dividend Per Unit (Rs.) |
Face Value Per Unit (Rs.)
|
NAV per unit as on December 22, 2016 (Rs) |
|
Franklin India Pension Plan - Dividend Plan |
1.25# |
10 |
18.2962 |
|
Franklin India Pension Plan – Direct - Dividend Plan |
1.25# |
10 |
18.8039 |
|
Franklin Build India Fund - Dividend Plan |
1.75 |
10 |
20.5789 |
|
Franklin Build India Fund– Direct - Dividend Plan |
1.75 |
10 |
21.6287 |
#Subject to deduction of applicable statutory levy/ taxes
The record date for the dividend is December 30, 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 January 2, 2017 and unit holders 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.
Franklin Templeton Investments is the foreign fund house in the country. It manages one of the most comprehensive ranges of mutual funds (34) catering to varied investor requirements and offering different investment styles to choose from. It has offices in 39 cities and Collection Centres in over 100 locations across the country.
Product Label:
Franklin India Pension Plan
This product is suitable for investors who are seeking*
- Long term capital appreciation
- A hybrid fund investing upto 40% in equities and the balance in high quality fixed income instruments
Franklin Build India Fund
This product is suitable for investors who are seeking*
- Long term capital appreciation
- A fund that invests in infrastructure and allied sectors
* Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Risk Factors: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Scheme specific risk factor: All investments in FIPEP are subject to a lock-in for a period of 3 full financial years. The Trustee, AMC, their directors or their employees shall not be liable for any of the tax consequences that may arise, in the event that the Scheme is wound up before the completion of the lock-in period. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
