Franklin MF Declares Dividend

Franklin Templeton Investments (India) Mutual Fund has announced dividend under the dividend option of Franklin India Prima Fund. The dividend declared is 60% i.e. Rs. 6 per unit on the face value of Rs. 10. Franklin India Prima Fund is open-end diversified equity fund. The record date for dividend is 18 July 2007.

The scheme aims to provide long-term capital appreciation as primary objective and income as primary objective and income as secondary objective. The fund aims to achieve a high degree of capital appreciation through investments in smaller and faster growing companies. The NAV recorded at Rs. 230.83 on 11 July 2007.

Franklin India Prima Fund was launched in December 1993 and currently manages over Rs.1596 crores of assets for over 168,000 investors. The last dividend declared by the scheme was 60% in July 2006. Over the last one year, Franklin India Prima Fund has yielded 43% as compared to 41.5% given by its benchmark S&P CNX 500 as on 11 July 2007.