Retiree investors in wound-up Franklin schemes fret over repayment timeline

At least 30% of assets of wound-up schemes in unlisted securities

Retirees exposed to the schemes being wound up by Franklin Templeton Mutual Fund (MF) are concerned over the timeline of their payments.  According to industry participants, the schemes were popular among retirees, as these offered higher yields through managed credit strategies.   

“We had invested Rs 7 lakh in Franklin Ultra Short Duration Fund. Recently, the investment value had started eroding, which was surprising,” said 65-year-old Rajesh Dhaniwal, adding, “Later, we realised it was because of the markdowns the fund had to take on credit exposure.” 

According to sources, around 300,000 investors are exposed to the various wound-up schemes of Franklin Templeton