SBI Funds completes liquidation of assets in Franklin Templeton MF's six debt schemes

It further said that the liquidation activity was done without creating any market dislocation in order to get the best liquidation value and safeguard the interest of unitholders of Franklin Templeton Mutual Fund (FTMF).

The company was directed by the Supreme Court in 2021 to undertake the exercise of disbursement and liquidation of assets of the six wound-up debt schemes of FTMF.

”We are happy to share that the last tranche of the securities, forming part of FTMF wound up debt schemes, has been liquidated as part of the above mandate given to us,” SBI Funds said.

The six schemes had collective assets under management of Rs 25,215 crore, when the decision to close the funds was announced.

The schemes were Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund.