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Templeton MF declares dividend under TILF, TFIF-STP

Capital Market Bureau

Templeton Mutual Fund has declared dividend under the dividend plan of Templeton India Liquid Fund.

It has declared a dividend of 0.1192 per cent (Re 0.012 per unit on the face value of Rs 10) under the weekly dividend option and Re 0.003 per unit under the daily dividend option.

It has also declared a weekly dividend of Re. 0.014 per unit in the Templeton Floating Rate Income Fund-Short Term Plan. The record date for all the three schemes is 24 November 2002.

TILF is an open-end fund that aims to provide stability of principal and high liquidity for short-term requirements through investments in high quality money market and debt instruments. TILF has two dividend options namely the weekly dividend and daily dividend.

The daily dividend option was launched on 11 February 2002. The minimum investment amount is Rs 25,000 and the incremental amount is Rs 5,000.

Templeton Floating Rate Income Fund is an open-ended debt scheme that primarily invests in floating rate debt instruments (65 per cent-100 per cent).

The scheme aims at providing a regular stream of income, while minimising risk arising from interest rate fluctuations. The minimum investment under the short-term plan is Rs 1,00,000.

Templeton Asset Management Company, a company incorporated under the Companies Act, 1956, is a part of the Franklin Templeton Group.

As part of Franklin Templeton's thrust in expanding business in key international markets, Franklin Templeton set-up an office in Mumbai, India in January 1996.

The firm now has offices in Ahmedabad, Bangalore, Calcutta, Chennai, Delhi, Hyderabad, Kochi, Lucknow, Mangalore and Pune and manages assets of over Rs 8,797.32 crore (Rs 87.97 billion) as on October 31 with an investor base close to 900,000.

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