Franklin Templeton Mutual Fund will distribute ₹2,918.5 crore to unitholders of six debt mutual fund schemes, starting 1 September, according to a note issued by the fund house to mutual fund distributors. With this, the schemes will have cumulatively returned ₹23,998.84 crore to investors or 96.18% of the net asset value of the six schemes that were wound up on 23 April 2020.
SBI Funds Management Pvt. Ltd is overseeing the liquidation of the schemes and the distribution of their proceeds, in line with the direction of the Supreme Court. Once the money is paid, a proportionate number of units get extinguished.
