Franklin Templeton mutual fund investors can pick Deloitte over trustees

Unit holders will vote to moneitse the scheme assets.

The unit holders of the six wound-up schemes of Franklin Templeton Mutual Fund (FT MF) will have another option in the upcoming voting process as they could authorise audit and consulting firm Deloitte instead of the trustees, to moneitse the scheme assets.

“Investors will have two options on how the scheme assets should be monetised. Authorise the Trustees assisted by Kotak Mahindra Bank (Kotak) as independent advisor and supported by the asset management company (AMC) or authorise Deloitte Touche Tohmatsu India LLP assisted by the AMC with the AMC being advised by Kotak,” FT MF said in a note.

Investors