The six schemes under winding up include Franklin India Ultra Short Bond Fund (FIUBF), Franklin India Low Duration Fund (FILDF), Franklin India Short Term Income Plan (FISTIP), Franklin India Income Opportunities Fund (FIIOF), Franklin India Credit Risk Fund (FICRF) and Franklin India Dynamic Accrual Fund (FIDA).
Today, Franklin Templeton is one of the largest managers of alternative assets globally.
Overall Rating. Morningstar has awarded this fund 3 stars based on its risk-adjusted performance compared to the 434 funds within its Morningstar Category.
The Trustee of Franklin Templeton decided to wind up six of our debt schemes in April 2020. The difficult decision was taken because the markets had become illiquid due to the severe impact of COVID-19. The sole objective of this decision was to safeguard value for our investors.
Stocks or equity shares are one type of security. Each stock share represents fractional ownership of a public corporation which may include the right to vote for company directors or to receive a small slice of the profits.
The 2020 crisis shuttered six of Franklin Templeton India's debt funds due to illiquidity and regulatory constraints. Investor capital was preserved through segregated portfolios and phased payouts, with recoveries exceeding the original net asset values.
Franklin India Flexi Cap Fund (erstwhile Franklin India Equity Fund) - Invest Now with Franklin Templeton India.
In April 2020, Franklin Templeton MF unilaterally decided to suspend investment and redemption in six of its debt schemes with assets under management of ₹25,215 crore due to a liquidity crisis in the debt market amid the Covid pandemic breakout.
An equity share, normally known as ordinary share is a part ownership where each member is a fractional owner and initiates the maximum entrepreneurial liability related to a trading concern. These types of shareholders in any organization possess the right to vote. Related Link: What is Equity?
“The decision to close the funds was taken in the best interests of unit holders as a result of the severe market dislocation caused by the Covid-19 pandemic.