Franklin Templeton Mutual Fund has declared 20.000 per cent as dividend under dividend payout option of scheme named as "FT India Balanced Fund" on the face value of Rs 10 per unit.
The record date for the dividend is May 24. The NAV of scheme as on May 23, 2013 was at Rs 17.9474.
The investment objective of the open ended equity balanced scheme is to provide long term growth of capital and current income.
The performance of the scheme is benchmarked against Crisil Balanced Fund Index and Anand Radhakrishnan is the fund manager of the scheme.