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Franklin Templeton announces tax-free dividend in FT India Balanced Fund

India Infoline News Service | Mumbai |

All investors registered in the Dividend Option as on May 30, 2014 will receive this dividend

Franklin Templeton Investments (India), one of the largest* fund houses in the country has announced tax-free dividends in its open end balancedfund -FT India Balanced Fund (FTIBF). All investors registered in the Dividend Option as on May 30, 2014 will receive this dividend. Pursuant to payment of dividend, the NAV of the schemes would fall to the extent of payout and statutory levy (as applicable).

Name of the Scheme/Plan Amount of Dividend Per Unit (Rs.) Face Value Per Unit (Rs.) NAV per unit as on May 22, 2014(Rs)
FT India Balanced Fund– Dividend Plan 1.50 10 19.4258
FT India Balanced Fund– Direct - Dividend Plan 1.50 10 19.5714

The record date for the dividend is May 30, 2014and 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 June 2, 2014and unitholders will be allotted additional units for the dividend amount.

 

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