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How much money will Franklin Templeton MF investors receive?


Maulik Madhu
BL Research Bureau |
Updated on
February 05, 2021
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The AMC should distribute ₹9,122 crore to affected investors. But investors in Franklin India Income Opportunities Fund will not receive any part of this amount.
 
Following the sudden closure of six debt mutual fund schemes by Franklin Templeton Mutual Fund on April 23, 2020, all redemptions from the scheme were halted. Investors were left wondering when their money invested in these schemes would be returned.
On February 2, the Supreme Court directed Franklin Templeton MF to distribute ₹9,122 crore to the unitholders of the wound up schemes within 20 days. With this, the affected investors are for the first time, set to receive a part of their money blocked in these schemes since April 2020. SBI MF will handle the disbursement. ....

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Franklin Templeton shut schemes receive Rs 13,120 crore till Dec 31


Franklin Templeton shut schemes receive Rs 13,120 crore till Dec 31
During the last fortnight from December 16-31, 2020, the six wound up schemes received cash inflows worth Rs 1,213 crore. This saw FISTIP become cash positive during the period
BusinessToday.In | January 3, 2021 | Updated 00:59 IST
The six shut schemes of Franklin Templeton have received Rs 13,120 crore in the by the end of last year, since their closure in April. Out of the six plans, five have turned cash positive. As on the last day of 2020, they have Rs 8,527 crore available to disburse among unitholders.
Franklin Templeton Asset Management (India) had wrapped up its six plans on April 24, 2020 - Franklin India Ultra Short Bond Fund (FIUBF), Franklin India Low Duration Fund (FILDF), Franklin India Short Term Income Plan (FISTIP), Franklin India Income Opportunities Fund (FIIOF), Franklin India Credit Risk Fund (FICRF), and Franklin India Dynamic Accrual Fund (FIDA) - locking in Rs 30,800 cror ....

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