 "Franklin Templeton's wound-up schemes receive Rs 1,500 crore in August")
The six wound-up schemes of Franklin Templeton have received Rs 1,498 crore from maturities, prepayments and coupon payments in the last two weeks of August, the fund house has said.
With this, the total cash flow into these schemes since April 24, the day of suspension, has increased to Rs 6,486 crore. Also, the India Low Duration Fund and the India Credit Risk Fund have repaid their outstanding borrowing and now have 5 per cent and 1 per cent cash of their respective assets under management (AUM).
The India Ultra Short Bond Fund and India Dynamic Accrual Fund (FIDA) now have cash of 31 per cent and 14 per cent of their AUMs, respectively.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%