Franklin Templeton Mutual Fund has declared a dividend 40% (i.e. Rs.4 per unit on Face Value of Rs.10/-) in in its open-end diversified equity fund – Templeton India Growth Fund. The fund was launched in 1996 and follows the widely known philosophy of “value investing”. (Check out - Recent MF Dividends ) 

The fund has also declared a dividend of 20% (i.e. Rs.2 per unit on Face Value of Rs.10/-) in Templeton India Pension Plan.  This is the 9th dividend from the fund since its launch.

The record date for the dividends is December 20, 2006 and any purchases on or before this date will be eligible for the dividend. There will be a one-day book closure for the growth and dividend plans in both the schemes on December 21, 2006 and will reopen for fresh purchases and redemptions on December 22, 2006. Under the dividend reinvestment plan, the dividend declared will be reinvested at the NAV of December 22, 2006 and unit holders will be allotted additional units for the dividend amount.