Six Franklin MF shuttered schemes have Rs 1,981 cr cash for distribution

Sources the money will be given to investors in next few days; fund house has already returned Rs 21,080.34 cr or 84% so far

The six shuttered debt schemes of Franklin Templeton MF have Rs 1,981.02 crore as cash available for distribution to the unit holders. The fund house has already returned Rs 21,080.34 crore amounting to 84 per cent of assets under management (AUM) as on April 23, 2020.

Sources in the industry stated that the cash surplus available will be given to the investors in the next few days. The Trustee of the fund house had decided to wind up the six debt schemes in April 2020 as debt markets had become illiquid due to the impact of Covid-19.

Between February and