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Franklin Templeton Mutual Fund: Franklin Templeton Unit Holders: Franklin Templeton MF is returning the money to its clients

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Franklin Templeton Mutual Fund: Franklin Templeton Unit Holders: Franklin Templeton MF is returning the money to its clients

New Delhi
SBI Funds Management (SBI MF) will disburse a little over Rs 1,115 crore as the seventh installment from Monday to the unit holders of six closed Franklin Templeton schemes.

A spokesperson for Franklin Templeton MF said, “The total distribution after this payment will reach Rs 25,114 crore, which will sit at 99.6 per cent of the assets under management (AUM) of the company’s six schemes as on April 23, 2020.” The day the company announced the closure of these schemes.

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In February, Rs 9,122 crore was given to the unitholders as the first installment. Rs 2,962 crore was disbursed to investors in April, Rs 2,489 crore in May, Rs 3,205 crore in June, Rs 3,303 crore in July and Rs 2,918 crore in September.

The spokesperson said, SBI MF will disburse the next installment of Rs 1,115.5 crore to the unitholders of all the six closed schemes from Monday. Franklin Templeton Mutual Fund (Franklin Templeton Mutual Fund) has brought good news for its investors. MF House has said that it has returned more than Rs 21,000 crore till August this year to the subscribers of six closed debt schemes.

This amount is 84 percent of the assets under management (AUM) of Franklin Templeton Mutual Fund as of April 23, 2020. On the same day Franklin Templeton Mutual Fund announced the closure of its six debt mutual fund schemes. Franklin Templeton Mutual Fund had announced the closure of the plans citing market release pressure and lack of liquidity.

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