Templeton India Growth Fund declared 40% dividend to its investors.
Franklin Templeton MF has declared dividend under its two open ended fund called Templeton India Growth Fund (TIGF) and Franklin Build India Fund (FBIF). The record date for the dividend is December 20, 2013 and any purchases on or before this date will be eligible for the dividend.
|
Name of the Scheme/ Plan |
Amount of Dividend Per Unit (Rs.) |
Face Value Per Unit (Rs.)
|
NAV per unit as on December 13, 2013 (Rs) |
|
Templeton India Growth Fund - Dividend Plan |
4 |
10 |
48.2280 |
|
Templeton India Growth Fund – Direct - Dividend Option |
4 |
10 |
48.5380 |
|
Franklin Build India Fund - Dividend Plan |
1 |
10 |
12.3027 |
|
Franklin Build India Fund– Direct - Dividend Option |
1 |
10 |
12.3845 |
Templeton India Growth fund aims to generate capital appreciation by investing in a portfolio equity and equity related instruments that follows disciplined long term value oriented investment philosophy. The fund invests in companies that are undervalued (in terms of valuation) and offer most promising potential for long term capital appreciation. Chetan Sehgal is managing the fund.
Franklin Build India Fund (FBIF) is a thematic equity fund that seeks to achieve capital appreciation by investing in companies engaged either directly or indirectly in infrastructure related activities. The fund focuses on innovative businesses, quality of management as well as out of favor stocks that have strong business fundamentals and model to sustain high growth rates over the long-term. The fund is co-managed by Anand Radhakrishnan and Roshi Jain.
