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SBI Funds Management (SBIFM) has completed the final liquidation and disbursement of the six wound up debt schemes of Franklin Templeton MF (FTMF).
“We are happy to share that the last tranche of the securities, forming part of FTMF wound up debt schemes, has been liquidated as part of the mandate given to us”, said SBIFM in a press release.
It added, “With this, SBIFM has now liquidated 217 securities and disbursed around Rs. 27,508 crore which constitute 109% of the value of the securities as on date of winding up. The liquidation activity was done without creating any market dislocation in order to get the best liquidation value and safeguard the interest of FTMF unitholders.”
FTMF had earlier wound up these schemes in April 2020. The schemes included Franklin India Ultra Short Bond Fund, Franklin India Low Duration Fund, Franklin India Short Term Income Plan, Franklin India Income Opportunities Fund, Franklin India Credit Risk Fund, and Franklin India Dynamic Accrual Fund.
