SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,489 crore to unitholders of Franklin Templeton Mutual Fund s six shuttered schemes in this week from Monday. SBI MF has already distributed Rs 12,084 crore to investors. This included Rs 2,962 crore distributed during the week of April 12. We are pleased to now inform you that SBI Funds Management Pvt Ltd (SBI MF) would be distributing the next tranche of Rs 2,488.75 crore to unitholders across all six schemes. The payment to all investors whose accounts are KYC compliant with all details available will be made during the week of May 3, 2021, a Franklin Templeton MF spokesperson said on Sunday.
Franklin Templeton unitholders to get Rs 2,489 crore in next tranche
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Franklin Templeton unitholders to get Rs 2,489 crore in next tranche
PTI / May 2, 2021, 20:56 IST
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NEW DELHI: SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,489 crore to unitholders of Franklin Templeton Mutual Fund s six shuttered schemes in this week from Monday.
SBI MF has already distributed Rs 12,084 crore to investors. This included Rs 2,962 crore distributed during the week of April 12. We are pleased to now inform you that SBI Funds Management Pvt Ltd (SBI MF) would be distributing the next tranche of Rs 2,488.75 crore to unitholders across all six schemes. The payment to all investors whose accounts are KYC compliant with all details available will be made during the week of May 3, 2021, a Franklin Templeton MF spokesperson said on Sunday.
Investors of Franklin Templeton s shut schemes to get Rs 2,489 cr more
By IANS |
Published on
Sun, May 2 2021 21:27 IST |
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Franklin Templeton Mutual Fund.. Image Source: IANS News
Mumbai, May 2 : The unitholders of the six shut schemes of Franklin Templeton Mutual Fund will get Rs 2,488.75 crore in the week starting Monday, May 3.
This will be the third tranche of disbursement for the investors after the distribution of Rs 9,122 crore across five schemes in February and Rs 2,962 crore last month. We are pleased to now inform you that SBI Funds Management Pvt Ltd (SBI MF) would be distributing the next tranche of Rs 2,488.75 crore to unitholders across all six schemes. The payment to all investors whose accounts are KYC compliant with all details available will be made during the week of 3 May 2021, a company spokesperson said.
After a year, investors say they will never forget Franklin fiasco
Synopsis
Some debt investors will never forget this date: April 23. Exactly a year ago they saw their investments go out of their reach when Franklin Templeton decided to shut its six debt schemes.
Some debt investors will never forget this date: April 23. Exactly a year ago they saw their investments go out of their reach when Franklin Templeton decided to shut its six debt schemes. Some had big plans with their investments while some were planning to utilize the money for their daily needs.
A 45-year-old employee in a financial services company was in for a rude shock when a large sum he had kept for the down payment of his new house in
What investors learnt from the Franklin fiasco
Synopsis
You never knew this would happen? Ever since Franklin Templeton shut its six debt schemes on April 23, 2020, investors have been asking the question or variations of it to their advisors, fund managers and media persons.
You never knew this would happen? Ever since Franklin Templeton shut its six debt schemes on April 23, 2020, investors have been asking the question or variations of it to their advisors, fund managers and media persons. Many of them simply can’t believe that nobody knew such a big fiasco is brewing in the mutual fund industry.
Is it true that some people knew this will happen beforehand? Well, not getting into the conspiracy theories, some