News From Press Six shut debt MF schemes distributed Rs 14,572 cr till May: Franklin

Six shut debt MF schemes distributed Rs 14,572 cr till May: Franklin

The Economic Times Jun 5, 2021

Franklin Templeton Mutual Fund (MF) on Wednesday said its six shuttered debt schemes distributed ₹14,572 crore to investors till May-end. Further, cash to the tune of ₹2,642 crore was available for distribution as of May 31, Franklin Templeton MF said in a statement. The fund house shut its six debt mutual fund schemes in April 2020 citing redemption pressures and lack of liquidity in the bond market.

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

Elections and Volatility: Should you opt for Equity Savings Fund amid market ups and downs?

How to choose a good mutual fund distributor: A comprehensive guide for investors

Small-cap MFs to take more time to liquidate

SEBI offers relief on KYC compliance norms for mutual fund investors

Non-life insurance premium up nearly 16% at Rs 29,561.82 cr in April

New mutual fund investors: Set goals and assess your risk profile

Mutual funds embrace healthcare, finance stocks as smallcaps bounce back

Investing in thematic funds? Key factors you should keep in mind

Debt Funds Sahi Hain: Inside AMFI’s next big ad campaign

MFs lap up commodity and metal stocks; some buy Kotak Bank, too

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.

1 Comment

Prashant · 2 years ago `

They have distributed investor'soney back to investors. This is nothing great. They have kept this money for more than a year now. And without any effort they are charging the fund running charges on them even after winding up of these schemes. This is an open loot and the regulator has helped them to do this and even the government has kept mum.

Shame on all of them

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