Franklin Templeton will distribute another tranche worth Rs 1.115 Cr to investors

New Delhi : Friday, November 20th : The Franklin Templeton Mutual Fund announced that it will distribute another tranche worth Rs 1.115.

55 crore for the debt fund investorsThe firm returned approximately Rs 24,000 crore to investors earlier.A spokesperson for Franklin Templeton stated that the court-appointed liquidator (SBIMF) advised investors that the payments would begin on November 22nd, 2021 to those investors whose accounts were KYC compliant with all information "Post-payout, units would receive Rs 25,114.39 million from the schemes.This is 99.60 percent of the AUM (asset under management) on April 23, 2020." All unitholders eligible for payment will receive the electronic payments.

According to the MF, this fund manager still manages assets worth over Rs 64,000 crore.These include a range of equity funds that invest across different market caps and geographies as well high-credit fixed income funds which can be used for various goals or investment horizons.

The fund house stated that they remain positive about equities and that the restrictions on schools, theatres, capacities, and vaccinations would help to normalize the economy during festive season.ad-rv/sn/pg #Franklin #Templeton #distribute #tranche #worth #investors #Delhi.