Franklin Templeton has announced tax-free dividend in its fund - Templeton India Equity Income Fund (TIEIF). All investors registered in the Dividend Plan/Option as on September 9, 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 September 1, 2016 (Rs) |
|
TIEIF – Dividend Plan |
0.70 |
10 |
15.6531 |
|
TIEIF – Direct - Dividend Plan |
0.70 |
10 |
16.0231 |
The record date for the dividend is September 9, 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 September 12, 2016 and unitholders will be allotted additional units for the dividend amount.
