Unitholders in Franklin Templeton's six frozen fixed income schemes have a critical choice to make this weekend.
They will determine the fate of Rs 25,861 crore in assets that were put in limbo in March when the asset manager decided to wind down six of its fixed income mutual fund schemes because it couldn't meet redemption pressure.
Unitholders will first have to decide, in each of the six mutual fund schemes, whether to give their consent to the fund house for a winding down process. Each choice comes with its own pitfalls, but one choice clearly outweighs the other in terms of negatives, according to Kirtan Shah, the chief financial planner at Sykes & Ray Equities.
On this BQ Big Decisions episode, BloombergQuint speaks to Shah about the repercussions of voting “no”.
Listen to the full conversation here:
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
