Monday, December 31, 2007

Franklin Templeton MF Declares Dividend

Franklin Templeton Mutual Fund has announced 4 January 2008 as the record date for the declaration of dividend under Templeton Quarterly Interval Plan - Plan C. The AMC plans to distribute entire appreciation in the NAV as dividend. The NAV for the scheme stood at Rs 10.44 as on 28 December 2007.

The objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities.

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