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  • MF News FT announces tax free dividend in Franklin India Flexi Cap Fund

    FT announces tax free dividend in Franklin India Flexi Cap Fund

    Team Cafemutual Mar 28, 2016

    Franklin Templeton has announced tax-free dividends in its fund - Franklin India Flexi Cap Fund (FIFCF). All investors registered in the Dividend Plans as on April 1, 2016 will receive this tax-free dividend.

    Name of the Scheme/Plan

    Amount of Dividend Per Unit (Rs.)

    Face Value Per Unit (Rs.)

     

    NAV per unit as on March 22, 2016 (Rs)

    Franklin India Flexi Cap Fund – Dividend Plan

    1.50

    10

    16.6965

    Franklin India Flexi Cap Fund – Direct - Dividend Plan

    1.50

    10

    17.1020

    The record date for the dividend is April 1, 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 April 4, 2016 and unitholders will be allotted additional units for the dividend amount, says a press release issued by the company.

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