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.
Six suspended Franklin Templeton debt schemes to pay ₹ 2,489 crore this week
May 03, 2021
These schemes so far have distributed ₹12,084 crore in last two tranches Investors in six suspended schemes of Franklin Templeton will receive ₹ 2,489 crore as part of third tranche of payment this week.
So far, these schemes have distributed ₹12,084 crore in last two tranches. We are pleased to inform you that SBI Funds Management would be distributing the next tranche of ₹ 2,488.75 crore to unitholders across all six schemes, Franklin Templeton told distributors.
The payment will be made to all investors whose accounts are KYC compliant with all details during the week of May 3, it added.
Franklin Templeton beneficiaries to receive Rs 2,489 cr in next tranche this week
Franklin Templeton MF shut its six debt mutual fund schemes in April, 2020 citing redemption pressures and lack of liquidity in the bond market
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.