Credit risk mutual funds are open-ended debt funds that invest in corporate bonds with lesser credit ratings that typically offer high yields.
Further, cash to the tune of Rs 580 crore was available for distribution as on June 15, Franklin Templeton MF said
Franklin Templeton has said it "strongly disagrees" with the findings in the Sebi's order and has decided to challenge the direction in SAT
The fund house had shut six debt mutual fund schemes on April 23 last year, citing redemption pressures and lack of liquidity in the bond market
Franklin Templeton announced that as per Supreme Court orders it would be distributing Rs 9,121.59 crore to the unitholders in the week starting Janu
A bench of Justices SA Nazeer and Sanjiv Khanna said that the disbursal of money would be done in proportion to unitholders' interest in the assets.