Returned Rs 21K cr to investors: Franklin
New Delhi, August 11
Franklin Templeton Mutual Fund (MF) on Wednesday said it has returned over Rs 21,000 crore to unit holders of six shuttered debt schemes to date. This amounts to 84% 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.
Further, cash to the tune of Rs 1,111 crore was available for distribution as of July 31, Franklin Templeton Asset Management (India) Pvt Ltd president Sanjay Sapre said in a letter to investors. — PTI
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Already a Member? Sign In Now
