Franklin Templeton MF says returned ₹21,000 cr to investors of six shuttered schemes thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Franklin Templeton MF unitholders to get Rs 3,303 crore in fifth tranche
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Last Updated: Jul 11, 2021, 11:00 AM IST
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The payment will be made electronically to all eligible unitholders by SBI MF, which has been appointed as the liquidator for the schemes under winding up by the Supreme Court.
Franklin Templeton MF shut its six debt mutual fund schemes on April 23, 2020, citing redemption pressures and lack of liquidity in the bond market.
SBI Funds Management (SBI MF) will distribute the fifth tranche of Rs 3,303 crore to unitholders of Franklin Templeton Mutual Fund s six shuttered schemes during the week beginning Monday.
Franklin Templeton MF unitholders to receive Rs 3,303 cr in fifth tranche
With this, the total disbursement will reach Rs 21,080 crore, amounting to 84 per cent of assets under management (AUM) as on April 23, 2020, a Franklin Templeton MF spokesperson said on Sunday Franklin Templeton MF shut its six debt mutual fund schemes on April 23, 2020 PTI
Updated Jul 11, 2021, 1:54 PM IST
SBI Funds Management (SBI MF) will distribute the fifth tranche of Rs 3,303 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 21,080 crore, amounting to 84 per cent of assets under management (AUM) as on April 23, 2020, a Franklin Templeton MF spokesperson said on Sunday.
Franklin Templeton MF unitholders to get Rs 3,303 cr in fifth tranche dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.