Franklin Templeton to pay unitholders second tranche of Rs 2,962 crore
The funds will be credited through online transfer, cheque or demand draft; disbursements to unitholders will be made by extinguishing proportionate units at the net asset value (NAV), as of April 9
Franklin Templeton investors have already received Rs 9,122 crore
Investors in six wound up debt schemes of Franklin Templeton Mutual Fund will get Rs 2,962 crore in the next tranche of payout. The amount will be disbursed to unitholders in the coming week.
SBI Mutual Fund (MF), which is handling the winding up of the debt schemes and payments to investors, has already distributed Rs 9,122 crore among unitholders by February 2021 following a Supreme Court order in the matter.
Franklin Templeton investors to get Rs 2,962 crore next week
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Franklin Templeton Mutual Fund has informed investors in its six shuttered schemes that they will get a payout of Rs 2,962 crore from cash accumulated in the schemes next week.
Franklin Templeton Mutual Fund has informed investors in its six shuttered schemes that they will get a payout of Rs 2,962 crore from cash accumulated in the schemes next week. Earlier, the fund house had distributed Rs 9,122 crore in February. The payout will be handled by SBI Mutual Fund as directed by the Supreme Court of India. “Further to the distribution of INR 9,122 crores across 5 schemes in February 2021, we are pleased to inform you that SBI MF would be distributing the next tranche of INR 2,962 crores to unitholders across all 6 schemes. The payment to all investors whose accounts are KYC compliant with all details available will be made during the week of 12 April 2021,” said a Franklin spokesperson.
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