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Franklin Templeton MF unitholders to get Rs 985 cr in eighth tranche
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financialexpress.comSBI Funds Management (SBI MF) will distribute from Monday the eighth tranche of Rs 985 crore to unitholders of Franklin Templeton Mutual Fund’s six shuttered schemes.
After the payout, the total disbursement will reach to Rs 26,098.2 crore, amounting to 103.5 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.
A total of Rs 25,114 crore has been distributed across 6 schemes under winding up.
Under the first disbursement in February, investors received Rs 9,122 crore, while Rs 2,962 crore was paid to investors in April, Rs 2,489 crore in May, Rs 3,205 crore in June, Rs 3,303 crore in July, Rs 2,918 crore in September and Rs 1,115
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