Franklin Templeton Mutual Fund has declared dividend under dividend option of Templeton Fixed Horizon Fund - Series III - Plan A (TFHF - Series III - Plan A). The record date for dividend has been fixed as July 24, 2009.
The fund house has decided to distribute 100% of distributable surplus available as on the record date on the face value of Rs 10 per unit, for the above mentioned scheme. TFHF - Series III - Plan A is a closed end income fund to generate returns as well as reduce the interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund's duration.
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