Franklin Templeton Mutual Fund has approved the declaration of tax-free dividend under the Franklin India Flexi Cap Fund. The AMC plans to distribute 30% of distributable surplus i.e. Rs 3.00 per unit on the face value of Rs 10 as on record date.
The record date for the dividend is 12 March 2008 and any purchases on or before this date will be eligible for the dividend. There will be a one-day book closure for the growth and dividend plans in the respective funds on 13 March 2008 and will reopen for fresh purchases and redemptions on 14 March 2008. Under the dividend reinvestment plan, the dividend declared will be reinvested in the fund at the NAV of 14 March 2008 and unit holders will be allotted additional units for the dividend amount.
Franklin India Flexi Cap Fund was launched in March 2005 as an open-ended equity scheme. Franklin India Flexi Cap Fund is an open-end diversified equity fund that seeks to provide medium to long-term capital appreciation by investing in stocks across the entire market capitalization range.
The record date for the dividend is 12 March 2008 and any purchases on or before this date will be eligible for the dividend. There will be a one-day book closure for the growth and dividend plans in the respective funds on 13 March 2008 and will reopen for fresh purchases and redemptions on 14 March 2008. Under the dividend reinvestment plan, the dividend declared will be reinvested in the fund at the NAV of 14 March 2008 and unit holders will be allotted additional units for the dividend amount.
Franklin India Flexi Cap Fund was launched in March 2005 as an open-ended equity scheme. Franklin India Flexi Cap Fund is an open-end diversified equity fund that seeks to provide medium to long-term capital appreciation by investing in stocks across the entire market capitalization range.
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