News From Press Franklin MF to extinguish units in 5 out of 6 schemes; latest instalment will result in total payout of Rs 27,109 cr

Franklin MF to extinguish units in 5 out of 6 schemes; latest instalment will result in total payout of Rs 27,109 cr

Source: Financial Express Jun 13, 2023

Franklin Templeton India Mutual Fund on Monday announced that it will repay Rs 178.06 crore to investors of two of its wound-up debt schemes from June 14.

After this latest instalment, a cumulative amount of Rs 27,109 crore would have been paid across five of the six debt schemes, excluding FISTIP. The total disbursed amount so far ranges between 100% and 113.04% of the respective assets under management of the six schemes.

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