Monday, January 11, 2010

Franklin India Taxshield Declares 30% Dividend

Record date for dividend is 15 January 2010 

Franklin Templeton Mutual Fund has declared dividend on the face of Rs 10 per unit under dividend option of Franklin India Taxshield Scheme. The record date for the dividend has been fixed as 15 January 2010.

The quantum of the dividend will be Rs 30% (Rs 3 per unit) as on the record date. All the investors registered in the dividend plan whose names appear on the register of unitholders on the record date shall be eligible for receiving the dividend. The investors in the dividend re-investment option will be allotted units for the dividend amount at the NAV of 18 January 2010.

Franklin India Taxshield is an open-end equity linked savings scheme with the investment objective to provide medium to long-term growth of capital along with income tax rebate.