Franklin Templeton s shut funds receive Rs 13,120 crore till now
Five out of the six schemes have already turned and have close to Rs 8,527 crore available to return to unit holders, subject to fund running expenses
Mutual Funds
Franklin Templeton s six shut schemes have received Rs 13,120 crore from maturities, pre-payments, and coupons since their closure in April, the fund house said in a statement.
Over the latest fortnight, December 16-31, 2020, these schemes received Rs 1,213 crore.
Further, five out of the six schemes have already turned and have close to Rs 8,527 crore available to return to unit holders, subject to fund running expenses. Franklin India Short Term Income Plan (FISTIP) is the latest scheme to turn cash positive, it said.
Franklin Templeton s shut funds receive Rs 13,120Cr so far daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Six Franklin Templeton debt schemes get ₹1,213 crore in second half of December
January 02, 2021
×
This makes it the fifth scheme to turn cash positive since all the six schemes were suspended for trading in April
The six suspended debt schemes of Franklin Templeton has received ₹1,213 crore in the second fortnight of December.
The fund house has repaid the debt in Short Term Income Plan making it the fifth scheme to turn cash positive since all the six schemes were suspended for trading in April.
The debt schemes have received ₹13,120 crore till December-end from maturities, pre-payments and coupon payments since April 24.
The cash available in the five schemes stands at ₹8,527 crore, subject to fund running expenses.
Franklin Templeton shut schemes receive Rs 13,120 crore till Dec 31
During the last fortnight from December 16-31, 2020, the six wound up schemes received cash inflows worth Rs 1,213 crore. This saw FISTIP become cash positive during the period
BusinessToday.In | January 3, 2021 | Updated 00:59 IST
The six shut schemes of Franklin Templeton have received Rs 13,120 crore in the by the end of last year, since their closure in April. Out of the six plans, five have turned cash positive. As on the last day of 2020, they have Rs 8,527 crore available to disburse among unitholders.
Franklin Templeton Asset Management (India) had wrapped up its six plans on April 24, 2020 - Franklin India Ultra Short Bond Fund (FIUBF), Franklin India Low Duration Fund (FILDF), Franklin India Short Term Income Plan (FISTIP), Franklin India Income Opportunities Fund (FIIOF), Franklin India Credit Risk Fund (FICRF), and Franklin India Dynamic Accrual Fund (FIDA) - locking in Rs 30,800 crore off investor
Over the latest fortnight, December 16-31, 2020, these schemes received Rs 1,213 crore. Further, five out of the six schemes have already turned and have close to Rs 8,527 crore available to return to unit holders, subject to fund running expenses. Franklin India Short Term Income Plan (FISTIP) is the latest scheme to turn cash positive, the fund house said in a statement. Individually, Franklin India Low Duration Fund, Ultra Short Bond Fund, Dynamic Accrual Fund, Credit Risk Fund and Short Term Income Plan have 52 per cent, 49 per cent, 41 per cent, 23 per cent and 8 per cent of their respective asset under management in cash.