• हिन्दी
  • ગુજરાતી
  • বাংলা
  • తెలుగు
  • मराठी
  • ಕನ್ನಡ
  • money9
  • Insurance
  • Saving
  • Mutual Funds
  • Mirae Asset MF
  • Breaking Briefs
downloadDownload The App
Close
  • Home
  • Videos
  • Podcast
  • Banking
  • Bulletin
  • Gold
  • Healthcare
  • Real Estate
  • Tax
  • Travel
  • Survey 2023
  • Survey Report
  • Breaking Briefs
  • Insurance
  • Savings
  • Loan
  • Crypto
  • Investment
  • Mutual Funds
  • Real Estate
  • Tax
  • Exclusive
  • Home / Investment

Franklin Templeton MF says returned Rs 21,000 crore to investors of 6 shuttered schemes

Cash to the tune of Rs 1,111 crore was available for distribution as of July 31 this year, Franklin Templeton Asset Management (India) Pvt Ltd Preside

  • Money9
  • Last Updated : August 11, 2021, 16:36 IST
  • Follow
  • Follow

Franklin Templeton Mutual Fund (MF) on Wednesday said it has returned over Rs 21,000 crore to unitholders of six shuttered debt schemes till date. This amounts to 84%  of assets under management (AUM) as of April 23, 2020, when the fund house announced to shut its six debt mutual fund schemes, citing redemption pressures and lack of liquidity in the bond market.

Further, cash to the tune of Rs 1,111 crore was available for distribution as of July 31 this year, Franklin Templeton Asset Management (India) Pvt Ltd President Sanjay Sapre said.

The six schemes — Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund — together had an estimated Rs 25,000 crore as assets under management (AUM).

A total of Rs 21,080 crore has been disbursed by SBI Funds Management Pvt Ltd (SBI MF) to the unitholders of six shuttered schemes in five tranches.

SBI MF was appointed as the liquidator for the schemes under winding up by the Supreme Court.

Published: August 11, 2021, 16:36 IST

Download Money9 App for the latest updates on Personal Finance.

  • franklin templeton
  • Franklin Templeton MF
  • MF schemes

Related

  • Budget’24: New LTCG rule to hit long-term property owners hard
  • Looking to buy gold? Buy now before it’s too late!
  • Budget 2024: What is NPS ‘Vatsalya’ scheme? How to apply & other benefits?
  • Budget’ 24: Startup ecosystem all smiles with scrapping of angel tax
  • Budget’24: New NPS scheme for minors launched, here’s how you can benefit
  • Budget’24: Gold, silver prices to soften soon, customs duty drops to 6%

Latest

  • 1. Know the correct way to get KYC done!
  • 2. Why health insurance claim gets rejected?
  • 3. Power to Respond!
  • 4. What is Asset Under Management?
  • 5. No Worries on Medical Expenses!
  • Trending Stories

  • Oswal Pumps IPO: कल से लगा सकेंगे दांव, निवेश से पहले जान लें पूरी कुंडली, GMP क्‍या दे रहा संकेत
  • यूपीआई लेनदेन पर कोई MDR शुल्क नहीं लिया जाएगा: वित्त मंत्रालय
  • कोल इंडिया के कर्मचारियों के लिए ‘ड्रेस कोड’, जुलाई से होगा लागू
  • अहमदाबाद हवाईअड्डे के पास एअर इंडिया का विमान दुर्घटनाग्रस्त
  • AC तापमान को 20-28 डिग्री के दायरे में मानकीकृत करने के लिए रूपरेखा पर काम कर रहा है बीईई:अधिकारी
  • TV9 Sites

  • TV9 Hindi
  • TV9Telugu.com
  • TV9 Marathi
  • TV9 Gujarati
  • TV9 Kannada
  • TV9 Bangla
  • News9 Live
  • Trends9
  • Tv9tamilnews
  • Assamtv9
  • Malayalamtv9
  • Money9 Sites

  • Money9 Hindi
  • Money9 English
  • Money9 Marathi
  • Money9 Telugu
  • Money9 Gujarati
  • Money9 Kannada
  • Money9 Bangla
  • Money9live
  • Topics

  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Crypto
  • Exclusive
  • Follow us

  • FaceBook
  • Twitter
  • Youtube
  • Instagram
  • Linkedin
  • Download App

  • play_store
  • App_store
  • Contact Us
  • About Us
  • Advertise With Us
  • Privacy & Cookies Notice
  • Complaint Redressal
  • Copyright © 2023 Money9. All rights reserved.
  • share
  • Facebook
  • Twitter
  • Whatsapp
  • LinkedIn
  • Telegram
close