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Franklin Templeton Mutual Fund’s six shut schemes generate ₹15,272 crore
Updated:
Updated:
March 17, 2021 12:05 IST
The fund house had shut six debt mutual fund schemes on April 23 last year, citing redemption pressures and lack of liquidity in the bond market.
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A picture of Franklin Templeton Investments’ U.S campus.
The fund house had shut six debt mutual fund schemes on April 23 last year, citing redemption pressures and lack of liquidity in the bond market. Franklin Templeton Mutual Fund has said its six shut schemes have received ₹15,272 crore from maturities, coupons and pre-payments since closing down in April 2020.
The schemes – Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund – together had an estimated ₹25,000 crore as AUM.
Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 15,272 crore from maturities, coupons and pre-payments since closing down in April 2020. The fund house had shut six debt mutual fund schemes on April 23 last year, citing redemption pressures and lack of liquidity in the bond market. The schemes Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund together had an estimated Rs 25,000 crore as AUM. The six schemes have received total cash flows of Rs 15,272 crore till March 15, 2021, from maturities, coupons and prepayments since winding up, the fund house said in a statement.
Franklin Templeton MF s six shut schemes generate Rs 15,272 cr indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Franklin Templeton MF s six shut schemes generate ₹15,272 crore thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.