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How much money will I get from Franklin Templeton?

by John A.

How much money will I get from Franklin Templeton?

Investors in the Franklin India Low Duration Fund will get back an estimated 63% of the value of their investment while investors in the Franklin India Ultra Short Bond Fund will get back almost 50% when Franklin Templeton Mutual Fund starts distributing cash next week.

Why is Franklin Templeton closed?

The evening of April 23, 2020 was a watershed moment in the history of mutual funds in India. Six Franklin Templeton debt funds were shut down by the management, due to redemption pressure and lack of liquidity in the secondary market for the underlying instruments.

What happened to Franklin Templeton debt fund crisis?

— In a sudden development, Franklin announced closure of six of its debt funds in April 2020. Put together, these six funds had total assets under management worth nearly Rs 25,900 crore. — Investors in these six schemes were shocked beyond belief by the sudden turn of events.

Is Franklin Templeton A Good Investment?

The stocks held by the fund are of good quality but a bit undervalued. With quality names in the fund’s portfolio and its PE ratio much lower compared to its category average, there are high chances of a strong performance in the near future.

Will Franklin Templeton investors get their money back?

Will I get my money back from Franklin Templeton?

Does Franklin Templeton return money?

This will be paid by extinguishing proportionate units at the NAV dated 18 November 2021. Accordingly, the units held by your investors in the scheme will reduce to that extent. Post this payout, the schemes would return about Rs 25,114 crore to unitholders amounting to 99.60 per cent of the AUM as on April 23, 2020.

Which Franklin Templeton funds are closed?

The schemes — 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 — together had an estimated Rs 25,000 crore as assets under management (AUM).

How much does Franklin Templeton Investments pay?

The average Franklin Templeton Investments salary ranges from approximately $39,302 per year for Customer Service Representative to $152,901 per year for Quantitative Analyst. Average Franklin Templeton Investments hourly pay ranges from approximately $12.55 per hour for Administrative Assistant to $22.85 per hour for Account Manager.

What are Franklin Custodian Funds?

Franklin Custodian Funds initiated holding in Charles River Laboratories International Inc. The purchase prices were between $372.64 and $458.3, with an estimated average price of $415.21. The

What is the abbreviation for Franklin Templeton Funds?

Mutual funds are taxed based on asset categorization and duration of the investment.

  • Equity oriented mutual funds have a short-term capital gains tax of 15 per cent for a holding period of up to 12 months.
  • Debt mutual funds are taxed as per your income slab for investments held for up to 36 months.

    • Is Franklin Templeton safe?

    We should not say Franklin Templeton is a bad mf. Franklin Templeton, as a mutual fund or asset management company, manages many schemes under debt funds, equity funds, hybrid funds and specialised funds. 6 out of their 13 funds are closed now, but the rest of the debt funds are doing well.