Franklin Templeton's four shut schemes see NAVs dip on Future exposure

Four of the six wound-up schemes of Franklin Templeton Mutual Fund (MF) on Tuesday saw a dip of 1.5 per cent-3.8 per cent in their respective net asset values (NAVs), after valuation agencies re-priced certain exposures to Future Group firms, which had been given moratorium by the fund house on payment obligations related to the non-convertible debentures (NCDs). The income opportunities fund saw its NAV dip 3.79 per cent, followed by the short-term income plan, which saw a drop of 2.64 per cent. 

Dynamic accrual fund and credit risk fund saw their NAVs slip 1.77 per cent and 1.52 per cent,