Repayments may get delayed if unitholders don't authorise trustees: FTMF

The fund house re-iterated that the reason for winding-up the six schemes was to preserve the value for unitholders and return money at the earliest

Franklin Templeton Mutual Fund (FTMF) on Thursday reached out to unitholders of its six wound-up schemes informing them that trustees would need their authorisation to monetise the holdings of respective schemes, without which the repayment process could get delayed.

"If Trustees do not receive authorization to proceed with the disposal of assets of the scheme, this may delay the process of monetising such assets and distribution of proceeds,” the fund house said and added that the payment schedule/payouts can only be finalised and implemented after the successful completion of the voting process. 

The fund house re-iterated that the reason for