News From Press Franklin Templeton MF says, returned Rs 21,000 crore to investors of 6 shuttered schemes

Franklin Templeton MF says, returned Rs 21,000 crore to investors of 6 shuttered schemes

Source: ET Aug 12, 2021

Franklin Templeton Mutual Fund (MF) on Wednesday said it has returned over Rs 21,000 crore to unitholders of six shuttered debt schemes till date.

This amounts to 84 per cent of assets under management (AUM) as of April 23, 2020, when the fund house announced to shut its six debt mutual fund schemes, citing redemption pressures and lack of liquidity in the bond market

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