Franklin India Taxshield (FIT - ELSS Plan) delcares 80% dividend

The Trustees of Franklin Templeton Mutual Fund have decided to distribute a dividend of Rs.8 per unit (on face value of Rs.10) in FIT. The record date for the same will be January 10, 2007 (Wednesday). There will be one-day book closure in the growth and dividend plans of the scheme on January 11, 2007 and hence no purchases or redemptions in the scheme on that day. All the investors registered in the dividend plan whose names appear on the register of unitholders on the record date shall be eligible for receiving the dividend. The investors in the dividend re-investment option will be allotted units for the dividend amount at the NAV of January 12, 2007.

The NAV (Net Asset Value) of the unit as on January 5, 2007 is Rs.40.5. The NAV of the scheme will fall to the extent of dividend paid and statutory levy, if any after the record date. The scheme was launched in April 10, 1999 and has given 27.65% returns since inception. The scheme has given 34.75% returns in the last 3 years and 25.83% returns in the last 1 year.

For investing in this mutual fund scheme: Please contact Mr.Guru @ +91-9841289586

Source : Equity Bulls

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