big news! Supreme Court adjourns hearing of Franklin Templeton case for 2 weeks

big news! Supreme Court adjourns hearing of Franklin Templeton case for 2 weeks

The Supreme Court has postponed the hearing of the Franklin Templeton case for two weeks. Franklin Templeton Mutual Fund announced the closure of its six debt schemes on April 23, 2020 citing withdrawal pressure and lack of liquidity in the bond market. In this case, Ahmedabad uniters filed a petition in the Supreme Court. The Supreme Court, after hearing the petition, has ruled to return the money to the unitholders.

These 6 schemes were discontinued - Franklin Templeton has these schemes - India Low Duration Fund, Franklin India Ultra Short Bond Fund, Franklin India Short Term Income Plan, Franklin India Credit Risk Fund, Franklin India Dynamic Acrural Fund and Franklin India Income Opportunities Fund. The company had announced the closure of these 6 mutual fund schemes on 23 April citing pressure of payment and lack of cash in the bond market.

Earlier this month, the Supreme Court had ordered disbursement of Rs 9,122 crore to unitholders of Franklin Templeton's 6 mutual fund schemes within three weeks. In its previous order, the Supreme Court gave the responsibility of monitoring fund transfers to the unitholders to SBI Mutual Funds. Funds will be transferred to the unitholders in proportion to the units invested.

Franklin Templeton had said that since its 6 plans closed in April 2020, Rs 13,789 crore has been received as maturity, pre-payment and coupon payments. Five of these schemes are now cash positive. These include Rs 9,190 cash till January 15, 2021. 63% of the assets of the closing Franklin India Ultra Short Bond Fund are in cash. At the same time, 50 per cent of the assets of Low Duration Fund, 41 per cent of Dynamic Acquire Fund, 26 per cent of Credit Risk Fund and 9 per cent of Franklin India Short Term Income Plan are in cash.


BSNL launches tremendous plan, get 14GB data, unlimited calls and SMS for just Rs 47

BSNL launches tremendous plan, get 14GB data, unlimited calls and SMS for just Rs 47

BSNL has introduced new recharge coupons for its customers. The government telecom operator has introduced a First Recharge Coupon (FRC) of Rs 47 in which customers can avail various facilities along with data and unlimited voice calls. This plan has been introduced by the telecom company on a promotional basis and will run till 31 March 2020.

This first recharge coupon is available for new customers who are recharging on their number for the first time. In this, customers will get 14GB data with a validity of 28 days. Apart from this, customers can also avail 100 SMS per day along with unlimited voice calling on any network. Currently, this plan is available only for Chennai Telecom Circle, but it is believed that it will be made available in other places soon.

BSNL ends FUP limit on domestic calls

Let us tell you that BSNL has also abolished the FUP limit on all domestic calls recently and now customers are given unlimited voice calls and data with all plans. Apart from this, BSNL has also revised its postpaid plan of Rs 199 earlier this month. After this, users can also avail unlimited call facility in this plan.

These features were available earlier in the postpaid plan of Rs 199

Earlier, in the Rs 199 plan, users were given 300 minutes for voice calling. But now BSNL postpaid users can enjoy unlimited calls. Apart from this, 25GB data is available in this plan and in this you can also take advantage of data rollover for up to 75GB. Apart from all these, customers can also avail 100 SMS per day.


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