Four Franklin Templeton schemes hit on markdown in Essel Infraprojects

NAVs of these schemes slip between 0.4% and 2%

Four of Franklin Templeton's schemes exposed to Essel Infraprojects, the infrastructure arm of Essel group, saw their net asset values (NAVs) slip between 0.4 per cent and two per cent on Thursday, after marking down the exposure to the firm's debentures.

According to data from Value Research, Franklin India Low Duration Fund (exposure of 4.1 per cent of scheme assets) saw a two per cent dip in its NAV on Thursday. The Short Term Income Plan and Credit Risk Fund (each with 1.25 per cent exposure) were down 0.76 per cent and 0.77 per cent, respectively. The Dynamic Accrual Fund, which