Franklin Templeton MF declares 7% div 10/09/2014

Franklin Templeton MF declares 7% div
10/09/2014 10:57
Franklin Templeton Mutual Fund has announced 7.0000 per cent dividend under dividend payout option of scheme named as “Templeton India Equity Income Fund” on the face value of Rs 10 per unit. The record date for the dividend is September 12. The latest NAV of the scheme is Rs 16.53. The investment objective of the open end equity fund scheme is to provide a combination of regular income and long-term capital appreciation by investing primarily in stocks that have a current or potentially attractive dividend yield. The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). Chetan Sehgal is the fund manager of the scheme.