Investors in the discontinued schemes of Franklin Templeton Mutual Fund will receive money this week. The company has given this information. The company has said that investors of the six closed schemes will get Rs 2,962 crore this week.
Earlier, Franklin Templeton had paid Rs 9,122 crore to investors in February. As per the order of the Supreme Court, this payment will be made through SBI Mutual Fund.
A Franklin spokesperson said, “In February 2021, investors of the five schemes were paid Rs 9,122 crore. We are very happy to inform that SBI Mutual Fund is releasing the next installment of Rs 2,962 crore. All this amount Investors will get six schemes. “
He said, “Customers who have completed KYC will be paid in the week commencing on 12 April.” The fund house informed that customers will be given money under online payment. In addition, if customers have not opted for online payment, then they will be paid by check or demand draft.
Investors will have to note that the unitholders whose PAN / KYC, junior under guardian and transmission information or documents are not available or are invalid, will be paid only after completion of regulatory compliance.
It included 28.42 per cent of Franklin Ultra Short Bond, 14.18 per cent of Franklin India Low Duration Fund, 13.37 per cent of Franklin Short Term Income Fund, 6.67 per cent of Franklin India Income Opportunities Fund, 11.22 per cent of Franklin India Credit Risk Fund, and Franklin India Dynamic Aktru Fund. Holds 11.23 percent stake.
According to this letter, the amount to be paid will be calculated on the basis of the table below and funds will be paid in lieu of termination of all units. Customers will be given money after deducting TDS.