Punjab schools up to Class 5 to be shut till Jan 20
Punjab government School Education Minister Harjot Singh Bains said this decision has been taken to ensure the safety of the children.
Franklin Templeton Mutual Fund will distribute Rs 2,918.50 crore to the unit holders of the six shut schemes starting 1 September.
Post this payout, the total amount returned to the unitholders under the shut schemes would be Rs 23,998.84 crore, amounting to 95.18 per cent of the assets under management as on April 23, 2020, said the Franklin Templeton spokesperson. So far, Rs 21,080.34 crore has been distributed across six schemes under winding up.
“SBI Funds Management Pvt. Ltd. (SBI MF) would be distributing the next tranche of INR 2918.50 crore to unitholders across all six schemes. As advised by the court appointed liquidator (SBI MF), the payment to all investors whose accounts are KYC compliant with all details available will commence from 1 September 2021,” the spokesperson said.
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Cash available in the scheme ‘Franklin India Short Term Income Plan (FISTIP)’ as of 27 August was Rs 950 crore and that in Franklin India Income Opportunities Fund (FIIOF) was Rs 567.25 crore.
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