Franklin Templeton Investments (India), one of the largest* fund houses in the country has announced tax-free dividend in its fund - Franklin India Smaller Companies Fund (FISCF), which invests predominantly in mid and small sized companies. All investors registered in the Dividend Plan/Option as on February 19, 2016 will receive this tax-free dividend, as stated in the press release issued by the company.
|
Name of the Scheme/Plan |
Net Amount of Dividend Per Unit (Rs.) |
Face Value Per Unit (Rs.)
|
NAV per unit as on February 11, 2016 (Rs) |
|
Franklin India Smaller Companies Fund – Dividend Plan |
2.00 |
10 |
22.4791 |
|
Franklin India Smaller Companies Fund – Direct - Dividend Plan |
2.00 |
10 |
23.257 |
The record date for the dividend is February 19, 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 February 22, 2016 and unit holders will be allotted additional units for the dividend amount.
