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Franklin Templeton Mutual Fund on Friday said it has received Rs 1,398 crore as payment from Vodafone Idea for investment in its debt instruments, which will be distributed among investors of the segregated portfolios. The amount will be given to unitholders in proportion to their holdings in the plans of the segregated portfolio. "We have received the annual interest amounting to Rs 148.34 crore and the full value of the principal due on maturity amounting to Rs 1,250 crore from Vodafone Idea Ltd for the security (non-convertible debenture) on September 1, 2023, and held in the five segregated portfolios," the fund house said in a statement. The five segregated portfolios are -- Franklin India Low Duration, Franklin India Short Term Income Plan, Franklin India Credit Risk, Franklin India Dynamic Accrual, and Franklin India Income Opportunities Fund. These schemes had made investments in Vodafone Idea.. Franklin Templeton MF side-pocketed its exposure in the telecom player and in .
Franklin Templeton Mutual Fund (MF) on Tuesday said it has returned over Rs 27,000 crore to unit holders of six shuttered debt schemes till date. The amount translates to around 107.51 per cent of the aggregate reported assets under management value across the six funds as of April 23, 2020, when the fund house announced shutting the six debt mutual fund schemes, citing redemption pressures and lack of liquidity in the bond market. Only short term income plan has some miniscule assets that have to be liquidated, according to a Franklin Templeton spokesperson. The six schemes had collective assets under management of Rs 25,215 crore, when the decision to close the funds was announced, it said in a statement. The schemes were 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 -- In a separate statement, Frankl