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Franklin Templeton Mutual Fund had disbursed INR 9,122 crore in February 2021, INR 2,962 crore in April 2021, and INR 2,488 crore as part of the first, second and third payment tranches respectively. Fund distribution is being overseen by SBI Funds Management Pvt. Ltd. as appointed by the Supreme Court.

Total distribution until now under the 6 schemes stands at INR 14,572 crore rupees and the payment of the fourth tanche has been announced by SBI MF which will take place during the week of 7th June 2021. The fourth tranche will comprise payments amounting to INR 3,205 crore. The amount to be paid to unitholders will be paid by extinguishing proportionate units at the NAV dated 4 June 2021. Accordingly, the units held by your investors in the scheme will reduce to that extent.

The payouts will vary for the six schemes are as below*:

Scheme Cash Available for Distribution as on 4 June 2021

*INR Crore

AUM as on June 2021

*INR Crore

Payout in the 2nd Tranche

(%) – 12 April 2021 onwards

Payout in the 3rd Tranche

(%) – 3 May 2021 onwards

Payout in the 4th Tranche

(%) -7 June 2021 onwards

Total Payout till date (as % of 23 April 2020 AUM)
Franklin India Ultra Short Bond Fund  928.00 3,006.42 28.42% 20.38% 30.87% 86%
Franklin India Low Duration Fund 106.00 527.45 14.18% 33.60% 18.52% 92%
Franklin India Short Term Income Fund  1,134.50 4,293.31 13.37% 8.39% 26.42% 49%
Franklin India Income Opportunities Fund 273.25 1,384.03 6.67% 19.73% 19.74% 42%
Franklin India Credit Risk Fund  554.75 2,076.39 11.22% 19.43% 26.72% 67%
Franklin India Dynamic Accrual Fund 208.75 1,25.76 11.23% 13.81% 16.66% 64%

*As a percentage of assets, unitholders will receive. All NRI investors will receive their payments post TDS deductions.