Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 14,391 crore from maturities, pre-payments and coupon payments since their closing down in April.
Franklin Templeton MF shut six debt mutual fund schemes on April 23, 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 assets under management (AUM). The six schemes have received total cash flows of Rs 14,391 crore till January 29, 2021, from maturities, coupons and prepayments since winding up, the fund house said in a statement.
NEW DELHI: The Supreme Court Monday said it would first deal with the issues related to objection to the e-voting process for winding up Franklin Templeton s six mutual fund schemes and distribution of money to the unitholders.
A bench comprising Justices S A Nazeer and Sanjiv Khanna posted the matter for hearing on February 1 after one of the lawyers, appearing in the case, referred to a recent media report and sought time to file an application placing on record certain new facts.
The bench permitted the lawyer to file application within three days and said that response to the plea be filed within three days thereafter.