Investors in two Franklin schemes will get some money back in July

Investors in two out of the six debt schemes that are being wound up by Franklin Templeton Mutual Fund could get as much as 7-9% of their money back by the first week of July. Franklin Ultra Short Term Fund and Franklin Dynamic Accrual Fund have received cash, according to their portfolios as on May 31. Investment advisers said this indicates the borrowings these funds had done have been repaid. But the repayment schedule will depend on the outcome of the e-voting by unitholders approving the winding up of schemes.

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