Over the latest fortnight, December 16-31, 2020, these schemes received Rs 1,213 crore. Further, five out of the six schemes have already turned and have close to Rs 8,527 crore available to return to unit holders, subject to fund running expenses. Franklin India Short Term Income Plan (FISTIP) is the latest scheme to turn cash positive, the fund house said in a statement. Individually, Franklin India Low Duration Fund, Ultra Short Bond Fund, Dynamic Accrual Fund, Credit Risk Fund and Short Term Income Plan have 52 per cent, 49 per cent, 41 per cent, 23 per cent and 8 per cent of their respective asset under management in cash.
Synopsis
Many unitholders are wondering whether they should say yes or no. Investors also want to know what will be the outcome in both the cases. The e-voting is scheduled to take place from December 26 to 28.
Shutterstock.com
Nearly eight months after it shut six debt mutual fund schemes, Franklin Templeton Mutual Fund is finally holding the e-voting to obtain the consent of investors to wind up six of its debt schemes. SEBI has appointed Taruvai Subayya Krishnamurthy, the former chief election commissioner of India as the observer for e-voting. Many unitholders are wondering whether they should say yes or no. Investors also want to know what will be the outcome in both the cases. The e-voting window is currently open and will end at 6 pm on December 28.
Franklin Templeton voting: What should you do? - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.