News From Press Franklin Templeton investors to get Rs 2,000 cr next month

Franklin Templeton investors to get Rs 2,000 cr next month

The six suspended debt schemes of Franklin Templeton have received ₹1,536 crore from maturities, coupons, sale of asset and prepayments in the fortnight ended April 15

Source:BusinessLine Apr 26, 2021

Franklin Templeton is preparing to distribute the third tranche of payment of over Rs 2,000 crore early next month. Inflows into the schemes have started increasing with the Supreme Court-appointed liquidator, SBI Funds Management, starting to sell the assets held in the six suspended debt funds.

Investors in Franklin Templeton Ultra Short Bond, Dynamic Bond and Income Opportunity funds will receive about Rs 2,000 crore by the end of this month, sources said.

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1 Comment

Ramesh · 3 years ago `

Shame on all those who chastised Franklin Templeton of cheating them and accused them of fraud. Such a reputed institution that has quite literally been the benchmark of the AMCs for process centric funds management for decades, went through a liquidity crisis due to the onset of Covid induced lockdown. And for this Force Majeure exigency, their image was tarnished brutally for months and years. Are investors even aware that a majority of the top 20 AMCs are pretty much in the same liquidity crunch w.r.t. Short term Bond funds ? And in response, most of the resp. AMCs have not even segregated the NPA investments from their portfolios.

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