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August 17, 2016

Mint article on the woes of investors in Franklin Templeton PE Strategy

A Mint article chronicles the returns (or the lack of it) for investors in Franklin Templeton Private Equity Strategy, which was raised from domestic investors in 2008. According to the article, investors could end up making a return of just 0.26% from the fund which raised Rs.490 crore from about 1,000 investors (each of whom was required to invest a minimum of Rs.40 lakh). Extract:

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