Investors in the Franklin India Low Duration Fund will get back an estimated 63% of the value of their investment while investors in the Franklin India Ultra Short Bond Fund will get back almost 50% when
Templeton Mutual Fund starts distributing cash next week.
But investors in the Franklin India Short Term Plan can expect less than 9% only, while investors in one of the six closed schemes will get nothing in the first tranche. The Franklin India Income Opportunities Fund is not yet cash positive though its borrowing levels have come down to 5%.
How much can Franklin investors expect to get back
|Scheme name||AUM as on 31 Jan 2021 (Rs cr)
||Available for distribution (Rs cr)||% of holding value investor will receive|
|Franklin India Low Duration||2,595||1,625||62.6|
|Franklin India Ultra Short Bond||10,220||5,075||49.7|
|Franklin India Dynamic Accrual||2,578||1,025||39.8|
|Franklin India Credit Risk||3,668||926||25.2|
|Franklin India Short Term Income||5,609||469||8.4|
In a note to investors, Franklin Templeton President Sanjay Sapre explained the process and modalities of the payment of the first tranche. “Payment will be made by extinguishing proportionate units at the prevailing NAV on the date of processing,” he wrote. Investors must note that payments from 15 February to investors whose accounts are KYC compliant with all details available. “Unitholders whose PAN, KYC, FATCA, UBO, Minor through guardian or Transmission details and documentation are not available or are invalid, will be made after completion of the regulatory and compliance requirements,” the note added