Franklin Templeton to pay investors in five of six India bond funds
The Times of India, citing a Supreme Court order. Mumbai-based SBI Mutual Fund, the executor overseeing the distributions, will return the money to investors of the Ultra Short Bond, Low Duration Bond, Dynamic Accrual Bond, Credit Risk Bond, and Short-term Income funds, the newspaper says in its online edition on February 16. The report says investors of the sixth fund, the Income Opportunities Fund, will be paid after its borrowings are fully settled. The six funds had combined net asset value of over 250 billion rupees when they were shut on April 23 in what has been described as the bigges...
Source: asiaasset.com