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Franklin Templeton Investments (India) has announced a dividend of Re 0.50 per unit in its open-ended fund of funds scheme — FT India Dynamic PE Ratio Fund of Funds.
All investors registered in the dividend plan as on July 20, 2012 will receive this dividend. The dividend will be tax-free in the hands of them.
Record date for the dividend is July 20 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 July 23, 2012 and the unit holders will be allotted additional units for the dividend amount.
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