Franklin Templeton gets investors' nod for winding up six schemes

The fund house could take second vote for appointing a liquidator

Investors in the six shut debt schemes of Franklin Templeton Mutual Fund have voted overwhelmingly in favour of shutting them down.

The observer’s report has revealed that about 97 per cent of votes in five of the debt schemes — Franklin India Low Duration Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund — were cast in favour of closing the schemes. For Dynamic Accrual fund, the figure was 93 per cent in favour.

In six video meetings held last month, the asset manager’s top management and