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Franklin fund of funds to re-jig debt allocation post-exit window

Exposure to wind-up schemes at marked-down valuations to continue

Franklin Templeton MF
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The six FoFs of Frankin, along with FIMAS saw their net asset values (NAVs) dip by 6-25 per cent on Friday.

Jash Kriplani Mumbai
The funds of funds (FoFs) of Franklin Templeton Mutual Fund (MF), affected by the fund house’s scheme wind-up move, will be rejigging their debt allocation by bringing in another scheme. They will continue to hold on to exposure to the affected schemes at marked-down valuations.

On Friday, the fund house had decided to revise the value of the fixed-income scheme allocations in affected FoFs by 50 per cent. Four of Franklin’s life-stage FoF schemes have exposure to Dynamic Accrual Fund, which is among the six schemes being wound up.

Besides, Franklin India Dynamic Asset Allocation Fund of Funds (FIDAAF) and Franklin India

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First Published: Apr 27 2020 | 7:18 PM IST

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