Franklin Templeton declares dividend for two funds

Franklin Templeton declares dividend for two funds
PTI
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First Published: Thu, Dec 10 2009. 07 11 PM IST
Updated: Thu, Dec 10 2009. 07 11 PM IST
Mumbai: Franklin Templeton Investments (India), on Thursday announced dividends in two funds-Templeton India Growth Fund (TIGF) and Templeton India Pension Plan (TIPP).
All investors registered in the dividend plans of the respective funds as on 16 December would receive the dividend, the company said in statement.
For TIGF plan, the dividend declared is Rs3 per unit and for TIPP plan the amount of dividend is Rs1.20 per unit.
Pursuant to payment of dividend, the NAV of the funds would fall to the extent of payout and statutory levy, as applicable.
The record date for the dividend is 16 December and any purchases on or before this date would be eligible for the dividend.
In addition to the dividends, investment of up to Rs1-lakh TIPP during the current financial year would also be eligible for tax benefits under Section 80 C of the Income Tax Act.
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First Published: Thu, Dec 10 2009. 07 11 PM IST