Investors may lose money if wind-up spurned, says Franklin Templeton

E-voting to shut debt schemes on Dec 26-28

Franklin Templeton Mutual Fund on Monday said it has sought consent of the unitholders for the orderly winding up of the six fixed income schemes.

The electronic voting will take place from December 26-28 and the meeting of unitholders of relevant schemes on December 29, Franklin Templeton MF sais. The unitholders would have to take a call on whether to give consent to the winding up decision or withholding it, which would allow the schemes to reopen for purchase and redemption.

The move comes after Supreme Court on Thursday asked Franklin Templeton MF to initiate steps within one week for calling a