Franklin Templeton Investments (India), one of the largest* fund houses in the country has announced tax-free dividend in its fund - Franklin India Prima Plus (FIPP), which invests in a diversified portfolio of wealth creating companies that generate a return on capital higher than their cost of capital. All investors registered in the Dividend Plan/Option as on February 26, 2016 will receive this tax-free dividend, says a 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 17, 2016 (Rs) |
|
Franklin India Prima Plus – Dividend Plan |
2.50 |
10 |
32.9238 |
|
Franklin India Prima Plus – Direct - Dividend Plan |
2.50 |
10 |
33.8509 |
The record date for the dividend is February 26, 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 29, 2016 and unitholders will be allotted additional units for the dividend amount.
