InvestorQ : What is the next payment round that Templeton needs to make?
shrinidhi Rajan made post

What is the next payment round that Templeton needs to make?

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4 days ago
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The honourable Supreme Court has instructed the payment of the next round of payment of Rs684 crore to unitholders of the wound-up Franklin Templeton schemes. This refers to the April 2020 fiasco of Templeton. Back then, Franklin Templeton had announced the summary winding up of 6 of its debt schemes without consulting unit holders by leveraging on a loophole in mutual fund rules.

It may be recollected that at that point, SBI Mutual Fund had been appointed to liquidate the assets of the wound-up schemes and manage the distribution of proceeds to unitholders. The court has already dismissed suggestion that distributor commissions cannot be paid to investors.

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