Franklin Templeton Investments (India) has announced a tax-free dividend of Rs.2.50 per unit (Face Value of Rs.10) in its open-end diversified equity fund - Templeton India Growth Fund (TIGF). December 10, 2008 is the record date for the dividend 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 11 December 2008. and will reopen for fresh purchases and redemptions on 12 December 2008.
Under the dividend reinvestment plan, the dividend declared will be reinvested in the respective funds at the NAV of 12 December 2008 and unitholders will be allotted additional units for the dividend amount. Templeton India Growth Fund was launched in September 1996 as an open-end fund which seeks to provide long term capital growth. The fund manages over Rs.211 crore of assets for about 30000 investors.
Under the dividend reinvestment plan, the dividend declared will be reinvested in the respective funds at the NAV of 12 December 2008 and unitholders will be allotted additional units for the dividend amount. Templeton India Growth Fund was launched in September 1996 as an open-end fund which seeks to provide long term capital growth. The fund manages over Rs.211 crore of assets for about 30000 investors.
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