SBI MF to distribute Rs 985 crore to Franklin unitholders this week

SBI Mutual Fund will distribute the eighth tranche of Rs 985 crore to unitholders of Franklin Templeton Mutual Fund‘s six shuttered schemes, from Monday. After the payout, the schemes would have returned Ra 26,098.19 crores to unitholders amounting to 103.50% of the AUM as on April 23, 2020, said a communication by Franklin Templeton Mutual Fund.

Here’s how the eighth tranche will be distributed among the unit holders of various schemes:

has said that The payment will be made electronically to all eligible unitholders by SBI MF. In case the unitholders’ bank account is not eligible for an electronic payment, a cheque/demand draft will

be issued and sent to their registered address by SBI MF. Further, unitholders whose distributable

amounts are less than Re.1 will not receive any payments. An account statement will be sent to all unitholders showing details of units extinguished and payment made.

However, unitholders holding units in a demat account may contact their Depository Participant (DP) for a transaction statement. For capital gains statement, unitholders may request the same via CAMS/FT website, call centre or from their registered email ID.

The payment to all investors whose accounts are KYC compliant with all details available will commence from 14 December 2021. The distribution for the unitholders, whose PAN/KYC, FATCA/UBO, minor

through guardian or Transmission details / documentation are not available/ invalid, will be made

after completion of the regulatory/ compliance requirements.