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FT MF says over Rs 14,500 cr returned to investors of 6 shuttered schemes

This amounts to 58 per cent of the assets under management of the six schemes on April 23, 2020, when the fund house decided to wind them up

RBI
RBI

Franklin Templeton (FT) Mutual Fund on Wednesday said it has returned Rs 14,572 crore to unitholders of its six shuttered schemes. This amounts to 58 per cent of the assets under management of the six schemes on April 23, 2020--when the fund house decided to wind up the debt schemes citing liquidity constraints. FT said it had another Rs 2,642 crore cash available for distribution. The six schemes under winding up include Franklin India Ultra Short Bond Fund, Franklin India Low Duration Fund, Franklin India Short Term Income Plan, Franklin India Income Opportunities Fund, ...