Franklin Templeton declares 15% Dividend in Franklin India Flexi Cap Fund

Franklin Templeton Investments (India), one of the largest fund houses in the country has announced a tax-free dividend of Rs 1.50 per unit (Face Value of Rs 10), in its fund - Franklin India Flexi Cap Fund.

All investors registered in the Dividend Plan as on July 29, 2009 will receive this tax-free dividend. Accordingly dividend will be paid to all the unitholders whose names appear on the Register of investors/unitholders of the schemes, on July 29, 2009 subject to availability of distributable surplus under the scheme.

The Face Value of Mutual Fund units are Rs 10 and the dividend declared is 15% or Rs 1.50 per unit.

The fund will have a one-day book closure in the growth and dividend plans on July 30, 2009 and the fund will reopen for ongoing purchases and redemptions on July 31, 2009.

The NAV (Net Asset Value) of Franklin India Flexi Cap Fund Growth Plan was Rs 22.2975 on June 30, 2009. It should be noted that pursuant to payment of dividend, the NAV of the scheme would fall to the extent of dividend payout and statutory levy if any.

Past performance may or may not be sustained in the future and should not be used as a basis of comparison with other investments.

Mutual Funds and Securities Investments are subject to market risks and there is no assurance or guarantee that the objectives of the scheme will be achieved. Please read the scheme information documents / addendums of the schemes carefully before investing.

Source : Equity Bulls

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