Some investors have been luckier than others. After the payout, investors in the Franklin India Low Duration Fund would have got back almost 96.5% of the value of their investment. The scheme will pay out Rs 208 crore next week, leaving it with only Rs 92 crore. Investors in the Franklin India Ultra Short Bond Fund would have got back 92.3% of the value.
But investors in the Franklin Short Term Fund would get only 81%. The scheme will still have Rs 1,097 crore even after Rs 950 crore is paid out next week.
Observers say payout is largely because the SBI Mutual Fund was given charge of winding up the schemes. In its original communication to investors, Franklin Templeton had given a long drawn timeline. It had projected that 95% of the AUM of the two schemes would be paid out by April 2024, though it did add that the value may be realised sooner in case of prepayments and sale of the securities in the secondary market.
How much will Franklin investors get back this week
