FT India Balanced Fund announces tax-free dividend of 30%

Franklin Templeton Investments (India), one of the largest* fund houses in the country has announced tax-free dividend of Rs.3.00 per unit (Face Value of Rs.10), in its fund - FT India Balanced Fund. All investors registered in the Dividend Plan as on May 23, 2007 will receive this tax-free dividend. (Pursuant to payment of dividend, the NAV of the fund would fall to the extent of payout).

The record date for the dividend is May 23, 2007 and any purchases on or before this date will be eligible for the dividend. There will be a one-day book closure for the growth and dividend plans on May 24, 2007 and will reopen for fresh purchases and redemptions on May 25, 2007. Under the dividend reinvestment plan, the dividend declared will be reinvested at the NAV of May 25, 2007 and unit holders will be allotted additional units for the dividend amount.

FT India Balanced Fund was launched in December 1999 as an open end balanced scheme. The fund manages over Rs.265 crores of assets for over 21,750 investor accounts as on April 30, 2007.

Disclaimer: All investments in Mutual Funds and securities are subject to market risks and the NAV of funds may go up or down depending on the factors and forces affecting the securities markets. Please read the Offer Document carefully before investing.

Source : Equity Bulls

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