Don't Wind Up 6 Schemes Without Investors' Consent, HC Tells Franklin Templeton

Posted  under  Business, Legal,  by Neha Sonker  / 1 month ago

The Karnataka HC ruled that FTMF will need to obtain prior consent of the unit holders before winding up six debt fund schemes. Franklin Templeton Mutual Fund one of India's most prominent mutual fund houses had shut six debt schemes in India amounting to about ₹ 28,000 crore from April 23, citing lack of market liquidity and redemption pressures arising from the Covid-19 pandemic.

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