TIWN
![Franklin Templeton to distribute another tranche of Rs 1,115cr to investors Franklin Templeton to distribute another tranche of Rs 1,115cr to investors](http://tripurainfoway.com/viewimage.php?src=http://tripurainfoway.com/news_pic/2021/8-1637397373.gif&w=567)
New Delhi, Nov 21 (TIWN) The Franklin Templeton Mutual Fund (MF) on Friday said it would distribute another tranche of Rs 1,115.55 crore to the investors of the six shut debt funds.
"As advised by the court appointed liquidator (SBI MF), the payment to all investors whose accounts are 'KYC' compliant with all details available will commence from November 22, 2021," a Franklin Templeton spokesperson said. "Post this payout, the schemes would have returned Rs 25,114.39 crore to unit-holders amounting to 99.60 per cent of the 'AUM' (asset under management) as on April 23, 2020."
The payment will be made electronically to all eligible unitholders. The fund manager continues to manage over Rs 64,000 crore of assets, including a suite of equity funds investing across the market cap spectrum and across geographies, besides high credit fixed income funds for various investment horizons or goals, the MF had said earlier this year. At that time, the fund house had said that it remained positive on equities as easing of restrictions related to schools, theatres, capacity restrictions and a pick-up in vaccinations should lead to further economic normalisation during the festive season.
- India's business activity surges to 3-month high in July
- Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacity
- Adani Energy Solutions posts 73 pc net profit growth in Q1, revenue surges 43 pc
- Centre's fiscal consolidation plan will boost India's credit profile: Global agencies
- Experts clarify new capital gains tax regime for realty sector