Total distribution under the 6 wound-up schemes of Franklin Templeton till date stands at INR 17,778 crore rupees and the payment of the fifth tranche has been announced by SBI MF which will take place in the week following 12th July 2021. The fifth tranche will comprise payments amounting to INR 3,303 crores. The amount to be paid to unitholders will be paid by extinguishing proportionate units at the NAV dated 30 April 2021. Accordingly, the units held by your investors in the scheme will reduce to that extent.
Franklin Templeton Mutual Fund has already disbursed INR 9,122 crore in February 2021, INR 2,962 crore in April 2021, INR 2,489 crore in May 2021, and INR 3,205 crore in June 2021 as part of the first, second, third, and fourth payment tranches respectively. The Supreme Court-appointed SBI Funds Management Pvt. Ltd. in February to oversee the distribution of proceeds and disposal of assets in the Franklin schemes.
The payouts will vary for the six schemes are as below*:
|Scheme||Cash Available for Distribution as on 9 July 2021
|AUM as on 30 April 2021
|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
|Payout in the 5th Tranche
(%) -12 July 2021 onwards
|Total Payout till date (%)|
|Franklin India Ultra Short Bond Fund||911.50||3785.09||28.42%||20.38%||30.87%||43.26%||95%|
|Franklin India Low Duration Fund||171.50||862.27||14.18%||33.60%||18.52%||36.72%||99%|
|Franklin India Short Term Income Fund||1034.25||4656.90||13.37%||8.39%||26.42%||33.92%||67%|
|Franklin India Income Opportunities Fund||349.75||1709.55||6.67%||19.73%||19.74%||30.99%||62%|
|Franklin India Credit Risk Fund||543.25||2571.76||11.22%||19.43%||26.72%||36.34%||83%|
|Franklin India Dynamic Accrual Fund.||292.5||1446.83||11.23%||13.81%||16.66%||28.40%||76%|
*As a percentage of assets, unitholders will receive. All NRI investors will receive their payments post TDS deductions.