Investors of Franklin Templeton s shut schemes to get Rs2,489 cr more
IANS
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The unitholders of the six shut schemes of Franklin Templeton Mutual Fund will get Rs2,488.75 crore in the week starting Monday, May 3.
This will be the third tranche of disbursement for the investors after the distribution of Rs9,122 crore across five schemes in February and Rs2,962 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 Rs2,488.75 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.
Investors of Franklin Templeton s shut schemes to get Rs 2,489 cr more
Franklin Templeton s schemes shut after the distribution of Rs 9,122 crore
By IANS
May 3, 2021 10:34 IST
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.
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.
Does SEBI have the mechanism to monitor whether MFs invest as per scheme objectives?
May 03, 2021
Did market regulator SEBI fail in regulating Franklin Templeton Mutual Fund (FTMF)?
A right to information (RTI) query by Virendra Jain, an investor activist and founder of Midas Touch Investor Association, has revealed that SEBI had no mechanism to monitor if the MF schemes had deployed the funds as per the stated investment objectives, whether the schemes had adhered to or were complying with its contractual terms with the unit holders and were adhering to all the MF regulations. Ratnajit Bhattacharjee along with other FTMF investors have filed a petition in the Supreme Court (SC) based on Jain’s RTI. SEBI told Jain that it did not have any data on individual schemes of MFs.