Disbursed Rs 14,572 crore to investors of six shuttered schemes, says FT

In two of the schemes, the disbursement was over 75% of AUM in April 2020, when fund houses wound up the schemes

Franklin Templeton (FT) Mutual Fund announced that its six shuttered debt schemes had distributed Rs 14,572 crore to investors as on May 3.
 
In the letter to the investors, Sanjay Sapre, president, Franklin Templeton Asset Management (India), said that 58 per cent of the April 2020 assets under management (AUM) had been returned so far. In the case of two schemes, the disbursement was over 75 per cent of AUM of April 2020, when fund houses wound up the six schemes.
 
In the first disbursement on February 12, investors received Rs 9,122 crore, while in the second, on