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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.

Articles by Avon S Puri

Contributing writer As the Global Chief Digital Officer at Sequoia Capital, Avon is responsible for the firm’s overall global digital transformation strategy, as well as infrastructure and security. He has more than 20 years of experience in executing and driving business transformation initiatives at both Fortune 100 companies and Silicon Valley-based high tech firms. Prior to joining Sequoia Capital, Avon served as SVP & CIO at Rubrik, a cloud management company, where he was responsible for business applications, infrastructure, data and security. Before Rubrik, Avon spent 9 years at VMWare, where he led several initiatives, including IT transformation activities that focused on people, process and technology with the objective of developing a more nimble and agile delivery structure. Avon also served in IT leadership positions at Franklin Templeton Investments and Deloitte.

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