MUMBAI: Franklin Templeton Investments (India) has announced a tax-free dividend of Rs.3.00 per unit at a face value of Rs.10 in its open-end equity fund - Franklin India Opportunities Fund.
The fund invests predominantly in companies and sectors that have the potential to take advantage of the growth opportunities. All investors registered in the dividend plan as on September 12, 2007 will receive this tax-free dividend.
The record date for the dividend is September 12, and any purchases on or before this date will be eligible for the dividend.
There will be a one-day book closure for the growth and dividend plans on September 13 and will reopen for fresh purchases and redemptions on the next day.
Under the dividend reinvestment plan, the dividend declared will be reinvested at the net asset value of September 14, and unit holders will be allotted additional units for the dividend amount.
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