Franklin Templeton announces tax-free dividends

India Infoline News Service | Mumbai |

Franklin Templeton declared dividends in Franklin Infotech Fund & Franklin India Opportunities Fund

Franklin Templeton Investments (India) has announced tax-free dividends in Franklin Infotech Fund (FIF) and Franklin India Opportunities Fund (FIOF). All investors registered in the Dividend Plan/Option as on October 18, 2013 will receive this tax-free 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 Dividend Per Unit (Rs.) Face Value Per Unit (Rs.)

NAV per unit (Oct 11, 2013 (Rs)
Franklin Infotech Fund - Dividend Plan 2.00 10 23.6769
Franklin Infotech Fund – Direct - Dividend Option 2.00 10 23.7631
Franklin India Opportunities Fund - Dividend Plan 0.70 10 12.9080
Franklin India Opportunities Fund – Direct - Dividend Option 0.70 10 12.9569



The record date for the dividend is October 18, 2013 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 October 21, 2013 and unitholders will be allotted additional units for the dividend amount.




 

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