Franklin Templeton MF unitholders to get Rs 2,918 cr in sixth tranche

SBI Funds Management (SBI MF) will distribute the sixth tranche of over Rs 2,918 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes from September 1. After the payout, the total disbursement will reach Rs 23,999 crore, amounting to 95.18 per cent of assets under management (AUM) as on April 23, 2020, when the fund house announced to shut the schemes, a Franklin Templeton MF spokesperson said on Sunday. Under the first disbursement in February, investors received Rs 9,122 crore, while Rs 2,962 crore were paid to investors in April, Rs 2,489 crore in May, Rs 3,205 crore in June and Rs 3,303 crore in July. "SBI Funds Management Pvt Ltd (SBI MF) would be distributing the next tranche of Rs 2,918.5 crore to unitholders across all six schemes," the spokesperson said. The payment to all investors whose accounts are KYC compliant with all details available will commence from September 1, 2021, he said. The amount to be distributed to unitholders will be paid by

from Markets https://ift.tt/3yq4BQl