New Delhi: Franklin Templeton Mutual Fund said its six closing schemes have received 15,272 million of maturity, coupons and prepayments since closing in April 2020. The fund closed six debt fund schemes on 23 April last year, citing redemption pressure and lack of liquidity in the bond market .
The schemes – Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund and Franklin India Income Opportunities Fund – have an estimated R 25,000 million as AUM . “Until 15 March 2021, the six schemes have received a total cash flow of RK 15,272 million from maturity dates, coupons and advance payments since the liquidation,” the fund said in a statement. In the past two weeks ending on March 15 this year, this scheme has earned 224 million.
“Our focus is still on the earliest liquidation of the portfolio, while maintaining the value. We will provide SBI Fund Management with all possible assistance and co-operation in the liquidation of the property, ” Franklin Templeton MF said. The fund says that cash available for distribution in the five cash-positive schemes on March 15, 2021.
Source: Telangana Today