An Update on Winding Up of 6 schemes of Franklin Templeton
This email is to provide you with an update on progress made in the winding up process. Franklin Templeton Trustee Services Pvt. Ltd., as advised by SEBI pending unitholder vote, and as desired by the Trustees for the duration of the winding up period, today announced the appointment of an independent advisor to work together with Franklin Templeton Asset Management (India) Pvt. Ltd (the AMC), to assist the Trustees in monetizing portfolios of the six schemes that are being wound up. The Trustees have appointed Kotak Mahindra Bank, who, through its Debt Capital Markets team, will work closely with the Franklin Templeton Trustees, to assist with all portfolio actions in these six schemes that are being wound up. These actions will be limited to the below-mentioned schemes. Franklin India Low Duration Fund Franklin India Dynamic Accrual Fund Franklin India Credit Risk Fund Franklin India Short Term Income Plan Franklin India Ultra Short Bond Fund Fr...