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Saturday, January 24, 2015

Franklin India Taxshield Announces Discontinuation of Dividend Reinvestment Option

With effect from 27 January 2015 

Franklin Templeton Mutual Fund has decided the sale of units (including switch-in) under Franklin India Taxshield (FIT) – Dividend Plan (Dividend Reinvestment Option) and Franklin India Taxshield (FIT)-Direct-Dividend Plan (Dividend Reinvestment Option) be discontinued, with effect from 27 January 2017. 

Further, existing units shall be reclassified as FIT - Dividend Plan (Dividend Payout Option) and FIT-Direct-Dividend Plan (Dividend Payout Option) respectively from the effective date.
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