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Franklin Templeton MF's six shut schemes receive Rs 5,000 cr since closure

The schemes have received Rs 708 crore during August 1-14. This takes the total cash flows received till date since April 24 to Rs 4,988 crore, Franklin Templeton MF said in a statement

Franklin Templeton MF
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Besides, the fund house said borrowing levels in the other schemes continue to decline with Franklin India Low Duration Fund and Franklin India Credit Risk Fund closer to becoming cash positive.

Press Trust of India New Delhi
Franklin Templeton Mutual Fund's six shut schemes have received about Rs 5,000 crore from maturities, pre-payments and coupon payments since the announcement of their closure in April.

The schemes have received Rs 708 crore during August 1-14. This takes the total cash flows received till date since April 24 to Rs 4,988 crore, Franklin Templeton MF said in a statement.

Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market.

The schemes together have an estimated Rs 25,000 crore as assets under management (AUM). These include Franklin India

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First Published: Aug 18 2020 | 5:24 PM IST

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