News From Press 5 ways the closure of mutual fund schemes impacts investors

5 ways the closure of mutual fund schemes impacts investors

Franklin Templeton mutual fund has recently announced the closure of its six debt schemes.

The Economic Times May 5, 2020

1. Existing investors cannot redeem their money from the fund.
2. Purchases or redemptions through Systematic Investment Plans, Systematic Transfer Plans and Systematic Withdrawal Plans are also not allowed.
3. Investors will receive whatever amount the fund house is able to recover by liquidating the underlying investments in proportion of their holdings in the respective schemes.

Click here to read more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Irdai directs cos to meet social sector obligations

Mutual Funds: New KYC norms for investors take effect from 2024-25; here’s what you need to know

Investors have shifted from small & midcaps to flexi, multi, thematic funds

Spike in SIP churn as investors rebalance; registrations rose 48% in April

Front-running, insider trading: Amfi rulebook to curb misconduct in a month

Living on Single Income: Strategies for financial stability in one-earner households

Should I buy a family floater plan for my senior citizen parents?

Skip gold this Akshaya Tritiya; consider THESE 5 alternative investment options, say experts

How to strategically invest for your long-term financial goals

Sebi tells investment advisors to share details of all their social media handles every six months. Details here

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

How many seats will the BJP led NDA win in 2024 Lok Sabha election?

351 or above

276 to 350

201 to 275

200 or below

EVENTS FORUMS