SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • News From Press Franklin unitholders to get Rs 1,200 cr in second tranche next week

    Franklin unitholders to get Rs 1,200 cr in second tranche next week

    Sources said SBI Funds Management will distribute the proceeds to unitholders following liquidation of some securities held under the scheme
    Business Standard Apr 1, 2021

    Unitholders of Franklin India Ultra Short Bond Fund, which was shuttered last April, will get their second payment next week. Sources said SBI Funds Management (SBI) will distribute Rs 1,200 crore to unitholders following liquidation of some securities held by the scheme. “We have got the securities from Franklin Templeton MF a few days ago and have started to sell it. This week, we have sold a security with a Rs 10 crore profit. Our aim is to start the liquidation and return the money to investors as early as possible,” said a senior official from the SBI MF on condition of anonymity.

    Read more

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.