 "Franklin Templeton MF")
Two of the six Franklin Templeton schemes being wound-up have received a pre-payment of Rs 420 crore from the Nuvoco Vistas Corporation, the cement division of Nirma group.
The two securities were held in Franklin India Ultra Short Bond Fund and Franklin India Dynamic Accrual Fund. The two debt papers were to mature in September 2020 and September 2021, respectively. However, the bond issuer pre-paid the securities in June.
The updates were disclosed in a letter to investors by FT MF.
Addressing concerns over falling net asset values (NAVs) in some of the schemes on June 30, FT MF president
