Franklin Templeton investors to get 3,205 cr
The unit holders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore in the week starting from Monday.
Franklin Templeton: Majority shareholders' consent needed for winding up funds, says SC
New Delhi: The unit holders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore in the week starting from Monday. So far, the fund house has distributed Rs 14,572.34 crore among the concerned investors in three tranches.
"Rs 3,205.25 crore of cash is available for distribution as of June 4, 2021 and is being paid to investors in the week commencing June 7, 2021, bringing the total amount distributed to Rs 17,777.59 crores," Sanjay Sapre, President, Franklin Templeton Asset Management (India) Pvt. Ltd, said in a letter to the investors.
He noted that the fund house has received questions around the recent volatility in NAV in some of its fixed income schemes including the schemes under winding up. "I would like to assure you that these changes are basis changes in the market prices or valuations of these securities and are not indicative of any downgrades or defaults in the portfolio securities, or of any write-down in value," he wrote.
Sapre said that Franklin Templeton continues to grow its India business and offer innovative services to our investors during these times of restricted mobility.
