SBI Funds Management (SBI MF) will distribute the fourth tranche of Rs 3,205 crore to unitholders of Franklin Templeton Mutual Fund s six shuttered schemes during the week beginning Monday.
With this, the total disbursement will reach Rs 17,778 crore, amounting to 71 per cent of assets under management (AUM) as on April 23, 2020, a Franklin Templeton MF spokesperson said on Saturday
Low Duration Fund investors set to recoup 81 per cent of their investment ; Ultra Short Bond Fund and the Low Duration Fund should be able to encash all their assets by April 2025
Read more about FT MF says over Rs 14,500 cr returned to investors of 6 shuttered schemes on Business Standard. This amounts to 58 per cent of the assets under management of the six schemes on April 23, 2020, when the fund house decided to wind them up