New Delhi, April 13 -- Chennai Financial Markets and Accountability (CFMA), an investor protection body, on Tuesday raised serious concern about the balance repayment of over Rs 14,000 crore to be made by Franklin Templeton Mutual Fund (FTMF) to its three lakh unit-holders in the six shut debt schemes.
"FTMF has paid Rs 9,122 crore and an additional Rs 2,962 crore is being repaid this week, taking the total pay-out to only Rs 12,074 crore of the total outstanding of Rs 26,670 crore," it noted.
The investor body reiterated that three lakh unit-holders of the six shut debt schemes will have to bear a minimum haircut of anywhere between Rs 13,000 and Rs 15,000 crore, or roughly 50 per cent, on their principal amount, for FTMF's "poor inves...