Earlier, the Supreme Court, in an order issued on February 2, asked the unit holders of the six debt schemes of the fund to be paid within 20 days. In this case, on February 9, the Supreme Court had approved the framework work prepared by SBI Mutual Funds.
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Significantly, e-voting was conducted in December to close the six schemes of Franklin Templeton, in which majority unitholders voted in favor of the proposal.
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13,789 crores received from 6 discontinued schemes of Franklin Templeton MF
Franklin Templeton Mutual Fund said on January 17 that Rs 13,789 crore in the form of Maturities, Pre-Payments and Coupon Payments since its six schemes closed in April Have been received. These plans were discontinued in April. The Franklin Templeton Mutual Fund closed 6 debt mutual fund schemes on April 23, 2020 amid withdrawal pressure.