SBI Funds Management (SBI MF) will distribute eighth tranche of Rs 985 crore to unit holders of Franklin Templeton Mutual Fund's six shuttered schemes. Till now, the total payout is worth Rs. 25,114.39 crore. The payment will commence on Tuesday.

“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 14 December 2021”a Franklin Templeton spokes person said.

The payment to all investors whose accounts are KYC compliant and the amount to be distributed to unit holders will be paid by extinguishing proportionate units and the image payment will be made electroni cally to all eligible unit holders by SBI MF, which has been appointed as the liquidator for the schemes.

In the previous month, the Franklin Templeton Mutual Fund (MF) distributed another tranche of Rs. 1,115.55 crore to the investors of the six shut debt funds.