How much money will Franklin Templeton MF investors receive?
Maulik Madhu BL Research Bureau | Updated on February 05, 2021 × The AMC should distribute ₹9,122 crore to affected investors. But investors in Franklin India Income Opportunities Fund will not receive any part of this amount. Following the sudden closure of six debt mutual fund schemes by Franklin Templeton Mutual Fund on April 23, 2020, all redemptions from the scheme were halted. Investors were left wondering when their money invested in these schemes would be returned. On February 2, the Supreme Court directed Franklin Templeton MF to distribute ₹9,122 crore to the unitholders of...
Source: thehindubusinessline.com