The Supreme Court has asked Franklin Templeton Mutual Fund to distribute the recovered mony to unit holders of the six wound up schemes in proportion to their respective holdings in the scheme.
The apex court has appointed SBI Mutual Fund to oversee the distribution of monies to the unit holders.
The fund house has distributable surplus of Rs.9122 crore as on January 15, 2021.
The schemes that were closed were :
Franklin India Low Duration Fund
Franklin India Ultra Short Bond Fund,
Franklin India Dynamic Accrual Fund,
Franklin India Credit Risk Fund,
Franklin India Income Opportunities Fund and
Franklin India Short Term Income Plan.
Categories: Mutual Fund