InvestorQ : Is Templeton MF paying out the second tranche of funds to the unit holders of the 6 debt funds that were frozen?
vidhya Laxmi made post

Is Templeton MF paying out the second tranche of funds to the unit holders of the 6 debt funds that were frozen?

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sarah Leo answered.
8 months ago
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That is absolutely correct. The administrator of Templeton Funds, SBI MF, will distribute the next tranche of Rs.2,962 crore to the unitholders of the 6 beleaguered debt schemes of Franklin Templeton Mutual Funds in India. This is the second round as they had already distributed Rs.9,122 crore to unitholders in the first round.

In accounting terms, the fund will extinguish equivalent units of the six troubled schemes. Of course, the final haircut that the fund will have to take is still not too clear. It may be recollected that Franklin Templeton MF had shut 6 debt mutual fund schemes in April 2020 following rising redemption pressures and illiquid bond markets.

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