The case stated on behalf of Franklin Templeton Mutual Fund, “As requested by us, the Hon’ble Supreme Court, in its order passed on 2 February 2021, directed the disbursement of Rs 9,122 crore (distributable surplus till 15 January 2021) to the concerned unions. SBI Mutual to exercise distribution The fund was prepared and appointed, “We are pleased that the application submitted by SBI Mutual Fund in the hearing held on 9 February 2021, details of the distribution mechanism distributed in consultation with SEBI and Franklin Templeton Mutual Fund were approved by the Honorable Supreme Court. Franklin Templeton Mutual Fund will provide all assistance to SBI Mutual Fund to disburse the cash to the respective unitholders at the earliest.
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Close Hui 6 in From 5 Schemes this Time Huh Cash Positive
Franklin Templeton said that since its 6 schemes closed in April 2020, Rs 13,789 crore has been received as maturities, pre-payments and coupon payments. Five of these schemes are now cash positive. These include Rs 9,190 cash till January 15, 2021. 63% of the assets of the closing Franklin India Ultra Short Bond Fund are in cash. At the same time, 50 per cent of the assets of Low Duration Fund, 41 per cent of Dynamic Acquire Fund, 26 per cent of Credit Risk Fund and 9 per cent of Franklin India Short Term Income Plan are in cash. Explain that the mutual fund company closed these schemes on April 23, 2020 due to reduced liquidity and redemption pressure in the bond market.