During the week starting June 7, the unitholders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore.
Sebi on Monday barred Franklin Templeton Asset Management (India) from launching any new debt scheme for two years and imposed a penalty of Rs 5 crore for violating regulatory norms in the case of winding up six debt schemes in 2020.
In a separate statement, Vivek Kudva said that he is reviewing the Sebi's order and considering appropriate next steps which may include filing an appeal before the SAT.
SBI MF has already distributed Rs 12,084 crore to investors. This included Rs 2,962 crore distributed during the week of April 12.
The Karnataka high court on Saturday directed Franklin Templeton India not to proceed with the winding up of its debt schemes without obtaining the consent of investors.
Franklin Templeton MF shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
Sapre said that the reports are misleading and the report is subject to modification basis explanations and responses to be provided by Franklin Templeton.
In a letter to the investors, Sanjay Sapre, President of Franklin Templeton Asset Management (India) Pvt. Ltd, however, said the company has not seen the contents of the FIR.
The FIR also names Santosh Das Kamath, MD and Chief Investment Officer, Franklin Templeton Asset Management India Pvt Ltd.