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Franklin Templeton MF committed to return investors money: Sanjay Sapre

"We are committed to doing all we can to return money in the schemes that are wound up at the earliest to investors," Franklin Templeton Asset Management (India) President said

Franklin Templeton MF
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Franklin Templeton MF has also marked down its Fund-of-Fund (FoF) exposure by 50 per cent to the debt schemes.

BS Web TeamAgencies New Delhi
Franklin Templeton Mutual Fund, which closed six of its debt funds citing redemption pressures and lack of liquidity in the bond markets, on Monday said it is committed to returning investor money at the earliest. It said that winding up of the schemes does not mean that investor money is lost, PTI reported.

"We are committed to doing all we can to return money in the schemes that are wound up at the earliest to investors, and to regain your trust in our brand," Franklin Templeton Asset Management (India) President Sanjay Sapre said in a note to investors.

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First Published: Apr 27 2020 | 2:32 PM IST

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