Franklin Templeton will distribute another Rs.2962 crore to its unitholders this week. In February, the fund house disbursed Rs.9,122 crore among investors.
“SBI MF would be distributing the next tranche of Rs.2,962 crores to unitholders across all 6 schemes. The payment to all investors whose accounts are KYC compliant with all details available will be made during the week of 12 April 2021,” the fund house said in a note.
As per the calculation, among the six schemes Franklin Ultra Short Bond Fund will get 28.42% of the distributable amount, Franklin India Low Duration Fund (14.18%), Franklin Short Term Income Fund (13.37%), Franklin India Income Opportunities Fund (6.67%), Franklin India Credit Risk Fund (11.22%) and Franklin India Dynamic Accrual Fund (11.23%).
The amount to be paid to unitholders will be calculated as per the table below and will be paid by extinguishing proportionate units at the NAV dated April 9, 2021.
The payment will be made electronically to all eligible unitholders by SBI MF. In case the unitholders’ bank account is not eligible for an electronic payment, a cheque/demand draft will be issued and sent to their registered address by SBI MF.
Investors whose PAN/KYC, FATCA/UBO, minor through guardian or transmission details / documentation are not available/ invalid, will not receive funds until they complete regulatory/ compliance requirements.
