Investors in the six schemes of Franklin Templeton that are under winding up process will get their third tranche of money back this week, writes The Economic Times. SBI Mutual Fund, which is in charge of distributing money will give Rs 2,488.75 crores to unitholders of the affected schemes.
Unit holders of Franklin India Ultra Short term Fund will get Rs 772 crore, Franklin India Low Duration Rs 289.75, Franklin India Short Term Income Fund Rs 390.75, Franklin India Income Opportunities Fund Rs 337.25 crore, Franklin India Credit Risk Fund Rs 499.75 and Franklin India Dynamic Accrual Rs 199.75 crore.
Prior to this, Franklin Templeton has already paid Rs 12,084 crores across these six schemes. With this the fund house has distributed Rs 14,573 crore of the money under winding up of the total assets of Rs 26,000 crore when the fund house decided to wind up the schemes a year back on April 23, 2020.