Franklin Templeton Mutual Fund Announces Income Distribution for 2 Schemes

Franklin Templeton Mutual Fund has declared income distribution under the IDCW (Income Distribution cum Capital Withdrawal) option for 2 of its schemes. Investors should note the record date for this distribution is set as December 20, 2024. Here are the details for the announced distributions:

Income Distribution Details

The income distribution per unit varies across the schemes and their respective IDCW options as follows:

Key Points for Investors

1. Record Date: The record date for determining eligible investors is December 20, 2024. Investors holding units as of this date will be entitled to receive the income distribution.
2. Applicable Taxation: Income distributed under the IDCW option is subject to tax at applicable rates, which vary depending on the investor category.

Scheme Overview

• Franklin Build India Fund: Focused on growth opportunities in India’s infrastructure and related sectors, this scheme is available in both regular and direct plans under the IDCW option.
• Templeton India Value Fund: A value-oriented scheme that seeks to invest in companies trading below their intrinsic value, offering both regular and direct IDCW options.

Investors are advised to ensure they hold units in these schemes by the record date to be eligible for the payout. While the distribution rates vary, they show the specific strategies and holdings of each fund.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.