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Franklin Templeton Announces Dividend In TIGF & TIPP plan

Franklin Templeton Investments (India), one of the largest fund houses* in the country has announced dividends in Templeton India Growth Fund (TIGF) and Templeton India Pension Plan (TIPP) as given below. All investors registered in the Dividend Plans of the respective funds as on December 16, 2009 will receive the dividend. In addition to the dividends, investment of up to Rs.1 Lakh TIPP during the current financial year (09-10) would also be eligible for tax benefits under Section 80 C of the Income Tax Act.

HUL to sell 7 residential properties in Gurgaon, Mumbai

FMCG major Hindustan Unilever (HUL) has put up a total of seven residential properties for sale in Mumbai and Gurgaon, which could fetch around Rs 35 crore.

Taxes on MF investments

How do fund houses charge the various taxes like dividend distribution tax, capital gains tax and securities transaction tax that a mutual fund is subject to? Are these deducted from the returns the fund generates?