Franklin Templeton MF Decides To Pay Dividend For Two Schemes

Franklin Templeton Mutual Fund has announced a dividend of 80% i.e. Rs 8 per unit on face value of Rs 10 in its equity linked saving scheme - Franklin India Taxshield. The fund house has also declared a dividend of 28.54% i.e. Rs 2.854 per unit on face value of Rs 10 on its open ended tax saving scheme- Templeton India Pension Plan.

The record date for the same has been fixed as 14 November 2007. All investors registered under the dividend option of the scheme as on 14 November 2007 will receive this dividend. Franklin India Taxshield Fund is an equity linked saving scheme to medium and long term growth of capital along with income tax rebate. Templeton India Pension Fund is an open ended tax saving scheme to provide the investors regular income under the dividend plan and capital appreciation under the growth plans.