Franklin Templeton declares dividend in India Prima Plus

India Infoline News Service | Mumbai |


Franklin Templeton Investments (India) has announced tax-free dividends in its fund - Franklin India Prima Plus (FIPP), which invests in a diversified portfolio of wealth creating companies that generate a return on capital higher than their cost of capital. All investors registered in the Dividend Plan/Option as on February 21, 2014 will receive this tax-free dividend.
The record date for the dividend is February 21, 2014 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 February 24, 2014 and unitholders will be allotted additional units for the dividend amount.


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