Templeton Mutual Fund has introduced a Dividend Transfer Plan in the following schemes with effect from March 17, 2004 - Templeton India Income Fund, Templeton Floating Rate Income, Templeton MIP, FT India MIP, Templeton India Short-Term Income, Templeton India Liquid, Templeton India GSF, FT India Gilt, Templeton TMA, Templeton India Income Builder Account. This facility is available to the investors of various dividend plans of these schemes. An investor can select this facility whereby the dividend declared will be automatically invested into selected FT open-ended equity or hybrid schemes.
To avail this DTP facility, the minimum account balance should be Rs. 25,000, except in Short Term Income Plan, Liquid Fund, Treasury Management Account and Templeton floating Rate Short Term where the same should be Rs. 100,000. The frequency of transfer will be dependent on the dividends declared by the plan in which the investment has been made. This facility is not available under daily dividend plans of the schemes. The amount, to the extent of the distribution, will be automatically invested on the ex-dividend date into Franklin Templeton open end equity or hybrid scheme selected by the investor at the NAV of that scheme and equivalent units will be allotted, subject to the terms of the scheme. For such transfers, no entry load will be levied. However, for units allotted on account of such transfers, an exit load equivalent to the waived entry load will be applicable if the same are redeemed within one year of allotment.
Ask Value Research 
New episodes every Friday 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
