In April 2020, Franklin Templeton MF unilaterally decided to suspend investment and redemption in six of its debt schemes with assets under management of ₹25,215 crore due to a liquidity crisis in the debt market amid the Covid pandemic breakout.
Investor Services The Trustee of Franklin Templeton decided to wind up six of our debt schemes in April 2020. The difficult decision was taken because the markets had become illiquid due to the severe impact of COVID-19. The sole objective of this decision was to safeguard value for our investors.
“The decision to close the funds was taken in the best interests of unit holders as a result of the severe market dislocation caused by the Covid-19 pandemic.
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 13.33% & 13.61%. The Franklin India Dynamic Asset Allocation Fund comes under the Hybrid category of Franklin Templeton Mutual Funds.
These funds come with a mandatory lock-in period of three years, during which investments cannot be withdrawn.
To make an online withdrawal: Sign in to the Franklin Templeton account. On your dashboard find the account you wish to withdraw from. Click on the Sell option and follow the process.
Request a withdrawal whenever you are ready. Log in to your account. Select a beneficiary's account. Select “Make a Distribution” Enter amount and payment method. Submit the request.
Request a withdrawal whenever you are ready. Log in to your account. Select a beneficiary's account. Select “Make a Distribution” Enter amount and payment method. Submit the request.