Franklin Templeton Investments (India) has announced dividend in two of its funds — Templeton India Growth Fund (TIGF) and Templeton India Pension Plan (TIPP).
All investors registered in the dividend plans of the respective funds as on December 21, 2012 will receive the dividend.
The fund house has announced a dividend of Rs 2 per unit on TIGF and a dividend of Re.1 per unit on TIPP. The record date for the dividend is December 21, 2012, and any purchases on or before this date will be eligible for the dividend.
Investments up to Rs 1 lakh in TIPP during the current financial year (2012-13) would also be eligible for tax benefits under Section 80 C of the Income Tax Act, the company said in a statement.