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.
