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  • News From Press Six suspended debt schemes of FT to distribute ₹2,600 crore

    Six suspended debt schemes of FT to distribute ₹2,600 crore

    Fund has so far paid ₹14,572 cr to investors
    The Business Line Jun 3, 2021

    In a major relief, investors in the six suspended debt schemes of Franklin Templeton can expect a payout of ₹2,600 crore in the fourth tranche, expected to start from Monday. The six schemes have received ₹1,378 crore in the fortnight ended May 31, taking the overall inflow in the month to ₹2,639 crore. The fund house has already distributed ₹14,572 crore in three instalments. The six schemes had asset under management of ₹25,000 crore when they were suspended in April 2020 due to large scale redemption.

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