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.
In the meeting with unitholders, Franklin Templeton denies allegations of favouritism to select investors
Unitholders asked trustees when they would get their money back and what could happen if schemes are re-opened for redemptions December 30, 2020 / 02:57 PM IST
The first meeting of the trustees and the unitholders of the six debt schemes that Franklin Templeton India was held on Tuesday. The fund house’s President, Sanjay Sapre, denied allegations that some investors may have withdrawn their money before redemptions were suspended. Sapre said that this was an allegation and there was no evidence supporting such a claim. “The redemption patterns don’t appear to indicate any difference in redemptions with respect to specific individuals or advisors,” he said. The meeting was held over video calls, as part of the four-day voting exercise.