Franklin Templeton MF declares dividend in India Growth Fund

Franklin Templeton Mutual Fund (MF) has declared a dividend of 25% per unit of face value of Rs 10, under the dividend option of the Franklin Templeton India Growth Fund.
The fund house has fixed Dec. 18, 2008, as the record date for the payment of dividend of Rs 2.50, pursuant to payment of which, the NAV would fall to the extent of dividend payout and statutory levy, if applicable.
All unit holders registered on or before the record date would be eligible to receive the dividend. The NAV of the scheme stood at Rs 27.04 per unit, as on November 27, 2008.
The scheme seeks to provide long term capital growth.