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
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
Six shut debt MF schemes distributed Rs 14,572 cr till May: Franklin
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Last Updated: Jun 03, 2021, 01:35 AM IST
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Synopsis Franklin Templeton Mutual Fund (MF) on Wednesday said its six shuttered debt schemes distributed ₹14,572 crore to investors till May-end. Further, cash to the tune of ₹2,642 crore was available for distribution as of May 31, Franklin Templeton MF said in a statement.
Franklin Templeton Mutual Fund (MF) on Wednesday said its six shuttered debt schemes distributed ₹14,572 crore to investors till May-end. Further, cash to the tune of ₹2,642 crore was available for distribution as of May 31, Franklin Templeton MF said in a statement. The fund house shut its six debt mutual fund schemes in April 2020 citing redemption pressures and lack of liquidity in the bond market.