Franklin Templeton Mutual Fund has declared dividend in Templeton Fixed Horizon Fund-Series X-Plan A (TFHF- Series X-Plan A). The fund house has decided to distribute 100% distributable surplus on face value of Rs 10 per unit as dividend on the record date of 12 November 2008. Templeton Fixed Horizon Fund-Series X-Plan A s a close ended income scheme with an objective to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund’s duration.
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