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.
Franklin Templeton unitholders to get Rs 2,489 crore in next tranche
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Franklin Templeton unitholders to get Rs 2,489 crore in next tranche
PTI / May 2, 2021, 20:56 IST
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NEW DELHI: 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.
फ्रैंकलिन टेम्पलटन के निवेशकों को इस हफ्ते मिलेंगे 2,962 करोड़ रुपये indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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.