Franklin Templeton Investments (India) has announced tax-free dividends in its fund - Franklin India Flexi Cap Fund (FIFCF). All investors registered in the dividend plans as on Mar. 28, 2014 will receive this tax-free dividend. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy.
| Name of the scheme/plan | Amount of dividend per unit (Rs) | Face value per unit (Rs) | NAV per unit as on Mar. 20, 2014 (Rs) |
| Franklin India Flexi Cap Fund - dividend plan | 1.00 | 10 | 13.1293 |
| Franklin India Flexi Cap Fund - direct - dividend plan | 1.00 | 10 | 13.2283 |
The record date for the dividend is Mar. 28, 2014 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 Mar. 31, 2014 and unit holders will be allotted additional units for the dividend amount.
