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Franklin Templeton Announces Dividends and Bonus


Templeton Mutual Fund, has announced dividends and bonus under the monthly/ quarterly dividend/ bonus plans of four of its schemes -Templeton India Income Builder Account, Templeton India Income Builder Account - Institutional Plan, FT India Monthly Income Plan, FT India Gilt Fund, Templeton India Short-Term Income Plan and Templeton India Treasury Management Account.

A dividend of 0.79 per cent (Rs.0.079 per unit) has been declared under the Monthly Dividend Plan and a 2.48 per cent dividend (Rs.0.248 per unit), has been declared under the Quarterly Dividend Plan of Templeton India Income Builder Account. A bonus ratio of 4:1000 has also been announced under the Bonus Plan. The first dividend of 6.00 per cent (Rs.0.60 per unit) has been declared under the Dividend Plan of Templeton India Income Builder Account Institutional.

In FT India Monthly Income Plan, a dividend of 0.79 per cent (Rs.0.079 per unit) has been declared under the Monthly Dividend Plan and 2.48per cent (Rs.0.248 per unit) has been declared under the Quarterly Dividend Plan. A bonus ratio of 6:1000 has been announced under the Bonus Plan.

In FT India Gilt Liquid, a dividend of 0.45 per cent (Rs.0.045 per unit) has been declared under the Monthly Dividend option and 3.05 per cent (Rs.0.305 per unit), has been declared under the Quarterly Dividend option. A bonus ratio of 8:1000 has been announced under the Bonus option of FT India Gilt Investment Plan.

All investments in the above plans as on June 27, 2003 were eligible for the dividend/ bonus and the ex-dividend/ex-bonus date is June 30, 2003.

In Templeton India Short Term Income Plan (TISTIP), a dividend of 0.45 per cent (Rs.4.50 per unit of face value of Rs.1000), has been declared under the Monthly Dividend Plan and 1.47 per cent (Rs.14.70 per unit of face value of Rs.1000) has been declared under the Quarterly Dividend Plan. A bonus ratio of 1:1000 has been announced under the Bonus Plan. All investments (except for Bonus Plan) in these options as on June 27, 2003 were eligible for this dividend and the ex-dividend NAV date is June 30, 2003. For Bonus Plan the record date is June 30, 2003 and the ex-dividend NAV date is July 1, 2003.

In Templeton India Treasury Management Account (TITMA), a bonus ratio of 1:1000 is announced under the Bonus Plan. All investments in this option as on June 30, 2003 are eligible for this dividend and the ex-dividend NAV date is July 1, 2003.

All the above mentioned dividends are inclusive of dividend distribution tax.