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| Franklin Templeton Announces Dividend In TIGF & TIPP plan |
| Announcement / Corporate Dec 10, 2009, 17:22 IST |
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Franklin Templeton Investments (India), one of the largest fund houses* in the country has announced dividends in Templeton India Growth Fund (TIGF) and Templeton India Pension Plan (TIPP) as given below. All investors registered in the Dividend Plans of the respective funds as on December 16, 2009 will receive the dividend. In addition to the dividends, investment of up to Rs.1 Lakh TIPP during the current financial year (09-10) would also be eligible for tax benefits under Section 80 C of the Income Tax Act.
| |
Last 1 year |
Last 3 years* |
Last5 years* |
Last 7 years* |
Last 10 years* |
| TIGF |
105.74% |
16.53% |
25.16% |
34.89% |
24.09% |
| BSE Sensex |
86.15% |
7.31% |
22.10% |
26.67% |
13.85% |
| MSCI India Value |
101.02% |
14.85% |
27.08% |
30.96% |
17.05% |
Pursuant to payment of dividend, the NAV of the funds would fall to the extent of payout and statutory levy, as applicable. The record date for the dividend is December 16, 2009 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 the respective funds on December 17, 2009 and will reopen for fresh purchases and redemptions on December 18, 2009. Under the dividend reinvestment plans, the dividend declared will be reinvested in the respective funds at the NAV of December 18, 2009 and unitholders will be allotted additional units for the dividend amount.
About Templeton India Growth Fund
Templeton India Growth Fund was launched in September 1996 as an open-end fund. The fund manages over Rs.430 crores of assets for about 30500 investors$. Since its inception, the fund has been able to deliver consistent performance as can be seen from the table below:
| |
Last 1 year |
Last 3 years* |
Last5 years* |
Last 7 years* |
Last 10 years* |
| TIGF |
105.74% |
16.53% |
25.16% |
34.89% |
24.09% |
| BSE Sensex |
86.15% |
7.31% |
22.10% |
26.67% |
13.85% |
| MSCI India Value |
101.02% |
14.85% |
27.08% |
30.96% |
17.05% |
Past performance may or may not be sustained in future. *Annualised and compounded returns based on November 30, 2009 Dividend Plan NAV of Rs. 50.7054. Inception Date: September 10, 1996. Dividends are assumed to be reinvested. Sales Load has not been taken into consideration.
About Templeton India Pension Plan
Templeton India Pension Plan was launched in March 1997 as an open-end tax-saving scheme. The fund manages over Rs.191 crores of assets for about 28500 investors$. The consistent performance of the fund makes it an ideal investment for investors who are looking to save for their retirement as can be seen from the table below:
| |
Last 1
year |
Last 3 years |
Last 5 years |
Last 7 years |
Last 10 years |
Since inception |
| TIPP |
31.41% |
7.01% |
11.69% |
15.74% |
13.64% |
14.08% |
Benchmark: 40% S&P
CNX 500 + 60% Crisil
Composite Bond Fund Index |
41.43% |
9.01% |
12.84% |
15.18% |
N.A |
N.A |
| Past performance may or may not be sustained in future. Annualised and compounded returns based on November 30, 2009 Growth Plan NAV of Rs. 53.1220 Inception Date: March 31, 1997. Sales Load has not been taken into consideration. $Data as on November 30, 2009 |
About Franklin Templeton
Franklin Templeton is the largest foreign fund house* in the country with over Rs.30,588 crores of average assets under management for around 25 lakh investor accounts (as of November 30, 2009). It manages one of the most comprehensive ranges of mutual funds (47) catering to varied investor requirements and offering different investment styles to choose from. It has Offices in 33 cities and Collection Centres in another 79 locations across the country.
Franklin Templeton Investments is one of the largest financial services groups in the world based at San Mateo, California USA. The group has US$ 539.7 billion in assets under management globally (as of November 30, 2009). Franklin Templeton has more than 60 years of experience in investment management and with offices in over 30 countries, provides investment management and advisory services to a client base of around 22 million unitholder accounts.
*Source: AMFI Website (as on November 30, 2009)
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