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08.05 - 10:03
Franklin Templeton Mutual Fund promises to return investors money at earliest
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NEW DELHI : Franklin Templeton Mutual Fund, which closed six of its debt funds citing redemption pressures and lack of liquidity in the bond markets, on Monday said it is committed to return investor money at the earliest.
It said that winding up of the schemes does not mean that investor money is lost. “We are committed to doing all we can to return monies in the schemes that are wound up at the earliest to investors, and to regain your trust in our brand," Franklin Templeton Asset Management (India) President Sanjay Sapre said in a note to investors.
The asset manager shut down its six schemes —Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan,
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