Six Franklin Templeton schemes receive ₹475 cr - The

Six Franklin Templeton schemes receive ₹475 cr - The Hindu BusinessLine


Six Franklin Templeton schemes receive ₹475 cr
February 28, 2021
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The six debt schemes of Franklin Templeton India received ₹475 crore from maturities, coupons and prepayments in the fortnight ended February 26.
The total inflow into these schemes stands at ₹15,048 crore since April 23, when the debt funds were suspended abruptly for investment and redemption.
As per the Supreme Court direction, SBI Funds Management has distributed ₹9,122 crore available in the five of the six cash-positive schemes. The remaining ₹1,180 crore will be distributed in tranches without waiting for liquidation of all securities in the portfolio, said the fund house.
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Franklin Templeton had raised debt to meet the initial redemption pressure in these schemes early last year and repaid them before distributing the surplus to investors.

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