Publish Date:
Franklin Templeton Trustee Services Pvt. Ltd. has appointed Kotak Mahindra Bank as an independent advisor to work together with Franklin Templeton Asset Management (India) Pvt. Ltd (the AMC), to assist the Trustees in monetizing portfolios of the six debt schemes that are in the winding up process.
Kotak Mahindra Bank, through its Debt Capital Markets team, will work closely with the Franklin Templeton Trustees, to assist with all portfolio actions in the following six debt schemes:
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Franklin India Ultra Short Bond Fund
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Franklin India Low Duration Fund
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Franklin India Short Term Income Plan
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Franklin India Credit Risk Fund
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Franklin India Dynamic Accrual Fund
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Franklin India Income Opportunities Fund
Kotak Mahindra Bank holds a deep financial market experience. It will wherever required, act as agent and provide its independent advice and assistance to the Trustees through the entire process and provide them with added experience and ability to monetize assets at the earliest possible time. The appointment will ensure an efficient wind-up of these schemes, while preserving maximum value for the investors.