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 
  • Franklin India Income Opportunities Fund 
The Trustees of Franklin Templeton Mutual Fund are pleased that Kotak Mahindra Bank, a highly reputed firm with strong corporate governance practices and deep financial market experience will, wherever required, act as their agent and provide its independent advice and assistance to the Trustees through the entire process. Their appointment will provide the Trustees with the added experience and ability to monetize assets at the earliest possible time.

We are committed to ensuring an orderly and equitable exit for all investors at the earliest possible time, and we will partner with the Board of Trustees and Kotak Mahindra Bank to ensure an efficient wind-up of these schemes, while preserving maximum value for our investors.

Please note that a similar communication has also been sent to all impacted investors.


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