Record date for dividend is 21 May 2010
Franklin Templeton Investments (India) has announced a tax-free
dividend of Rs. 3.00 per unit (Face Value of Rs.10), in its fund – FT
India Balanced Fund. All investors registered in the Dividend Plan as
on 21 May 2010 will receive this tax-free dividend. (Pursuant to
payment of dividend, the NAV of the fund would fall to the extent of
payout).
The record date for the dividend is 21 May 2010 and any
purchases on or before this date will be eligible for the dividend.
Under the dividend reinvestment plan, the dividend declared will be
reinvested in the Fund at the NAV of 24 May 2010 and unitholders will
be allotted additional units for the dividend amount.
FT India Balanced Fund was launched in December 1999 as an open
end balanced scheme. The scheme has an objective to provide long term
growth of capital and current income by investing in equity, equity
related securities and high quality fixed income instruments.