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Franklin Templeton to pay unitholders second tranche of Rs 2,962 crore

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.

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Franklin Templeton investors to get Rs 2,962 crore next week

Franklin Templeton investors to get Rs 2,962 crore next week SECTIONS Share Synopsis 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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Franklin Templeton unitholders to get Rs 2,962 cr in second tranche

SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,962 crore to unitholders of Franklin Templeton Mutual Fund s six shuttered schemes during the coming week. SBI MF has already distributed Rs 9,122 crore to investors as directed by the Supreme Court earlier. SBI MF would be distributing the next tranche of Rs 2,962 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 April 12, 2021, a Franklin Templeton MF spokesperson said on Sunday. The amount to be paid to unitholders will be paid by extinguishing proportionate units at the net asset value dated April 9, he added.

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Welcome To IANS Live - BUSINESS - Investors of Franklin Templeton s shut schemes to get Rs 2,962 cr

This would be the second tranche of disbursement to the investors after the distribution of Rs 9,122 crore across five schemes in February.

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Welcome To IANS Live - BUSINESS - Investors of Franklin Templeton s shut schemes to get Rs 2,962 cr

Welcome To IANS Live - BUSINESS - Investors of Franklin Templeton s shut schemes to get Rs 2,962 cr
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