FT had wound up six debt schemes with combined assets of Rs 25,800 crore on April 23, 2020, citing severe market dislocation and illiquidity caused by the covid-19 pandemic.
Sanjay Sapre, President, Franklin Templeton
Asset Management (India) in its letter to investors on March 20 said that, “Our focus remains on liquidating the portfolio and returning monies at the earliest, while preserving value. We look forward to supporting SBI in the monetization of the portfolio and anticipate that active monetization will commence shortly.”
The letter also states that the net asset value (NAV) of all the six schemes, as on March 15, 2021 was higher than the NAV on April 23, 2020.
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