A history of strong performance ended in Anti-climax

1. DHFL
560 cr
YES
BANK
1088 cr
RELIANCE
ADGA
960 cr
ESSEL
1009 cr
VODAFONE
IDEA
2058.1 cr
Invested
in Low
rated
bonds
Rated
AA,
AA-,
AAA-
High risk
, high
potential
Franklin India low duration fund AUM
Franklin India Dynamic accrual fund
AUM
Franklin credit risk Fund
Franklin Short term Income plan Fund
Franklin Ultra Short bond Fund
Franklin Income opportunity Fund
A history of strong performance ended in an Anti-Climax
6 Schemes

2. Franklin Templeton is an
American based investment
company.
largest mutual fund house
in India with average AUM (Jan-
Mar’20) Rs.1.16 trillion.
9th
Announced the
voluntary wind up of 6
schemes worth
Rs. 25,856 Crore.
23rd April
2020
By May End,
Borrowing levels
in the other fund
continued to
decline
6 schemes under
winding up
received Rs 708
crore; cash flows
were Rs 4,988
crore till date.
17th
August
HC stayed the operations for
6 weeks,During which
neither investors can
redeem, nor the AMC can
make any borrowings.
22nd
October
Covid-19 Crisis
negatively affected
FT’s high-risk debt
fund strategy
Redemptions
grew from many
debt funds
Could not generate
funds to pay off its
investors
Court cases against Franklin Templeton have been
Forensic Audit revealed
lapses in dealings of the
six schemes
Supreme Court assigned
SBI Mutual Fund to carry
out the distribution under
the 6 shutdown schemes