Dividend announced in Franklin India Prima FundJune 12th, 2008 - 10:25 pm ICT by IANS
Mumbai, June 12 (IANS) Franklin Templeton Investments (India), one of the largest mutual fund houses, has announced its 11th tax-free dividend Rs.6.00 per unit in its open end diversified equity fund - Franklin India Prima Fund. A release from Franklin India Prima Fund which manages assets of over Rs.10.19 billion for more than 143,500 investors, stated Thursday that its tax-free dividend will be given to those registered in the dividend plan as on June 18.
It said that any purchases on or before the record date will be eligible for the dividend and there will be a one-day book closure for the growth and dividend plans on June 19.
“The reopening will take place the next day for fresh purchases and redemptions. Under the dividend reinvestment plans the dividend declared will be reinvested at the NAV (net asset value) on June 20 and unit holders will be allotted additional units for the dividend amount,” the statement said.
Tags: asset value, assets, book closure, diversified equity, dividend plan, dividend plans, dividend reinvestment, equity fund, franklin templeton investments, India, investors, mumbai, mutual fund, redemptions