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Rs. 3 per unit dividend in Franklin India Prima Plus (FIPP)

March 1st, 2007

Franklin Templeton Investments (India) announced a dividend of Rs. 3 per unit in Franklin India Prima Plus (FIPP). Investors who are holding units under the dividend plan as on March 7, 2007 will be eligible to receive the dividend.

Franklin India Prima Plus was incepted on September 29, 1994. FT says, “The scheme looks to identify such companies by thorough research by giving due focus to the qualitative aspects such as management capabilities, business strengths and unique business models which given them a sustainable competitive advantage.”

The minimum application amount to buy units of this scheme is Rs. 5000 and minimum additional investment is Rs. 1000. The scheme carries an entry load of 2.25% for investments < Rs. 5 Crs; Exit load is 0.5% (if redeemed/switched-out within 6 months of allotment)

For investments => Rs. 5 Crs., entry load is Nil and exit load is 1% (if redeemed/switched-out within 1 year of allotment)

The NAV’s of the scheme are:

Franklin India Prima Plus-Dividend;32.81
Franklin India Prima Plus-Growth;132.64

Entry Filed under: Mutual Funds, Dividend Announcements, Franklin Templeton Mutual Fund