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Franklin Templeton announces tax-free dividend
By SiliconIndia   |   Thursday, 18 March 2010, 04:05 Hrs
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New Delhi: Franklin Templeton Investments (India) has announced a tax-free dividend of 2.00 per unit (face value of 10), in its Franklin India Flexi Cap Fund.

All investors registered in the dividend plan as on March 23, 2010 will receive this tax-free dividend. Pursuant to payment of dividend, the net asset value (NAV) of the fund would fall to the extent of payout, Franklin Templeton said.

The record date for the dividend is March 23, 2010 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 March 25, 2010 and unit holders will be allotted additional units for the dividend amount.

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