Franklin Templeton Investments (India) Mutual Fund has announced tax free dividend of Rs. 2.00 per unit on the face value of Rs. 10 under the dividend option of Franklin Templeton India Balanced Fund. The record date for dividend is May 27, 2009. All the investors registered in the dividend plan as on 27 May 2009 will receive this tax-free dividend.
There will be a one-day book closure in the growth and dividend plans on May 28, 2009 and the Fund will reopen for ongoing purchases and redemptions on May 29, 2009. Under the dividend reinvestment plan, the dividend declared will be reinvested in the Fund at the NAV of May 29, 2009 and the unit holders will be allotted additional units for the dividend amount.
FT India Balanced Fund was launched in September 1999 as an open-end balanced fund.
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