FTMF unit-holders listen to conscience before voting on 6 shut debt funds: CFMA daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
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Standing up for the interests of unit-holders of Franklin Templeton Mutual Fund (FTMF), the Chennai Financial Markets and Accountability (CFMA), an investor protection body fighting for the cause of investors, on Thursday advised them to listen to conscience before participating in the electronic voting to be held on December 26-28.
It also said their affirmation for the orderly winding up of the six fixed income schemes would imply a haircut of 50 per cent on the total investments and a loss of Rs 15,000 crore to the investors.
In the run-up to the crucial vote this weekend, FTMF has launched a vicious and below-the-belt campaign through ‘paid advisers imputing vested motives to CFMA, the investor body said in a statement.