Franklin Templeton’s shut schemes fetch Rs15,776 cr

Franklin Templeton’s shut schemes fetch Rs15,776 cr

Photo for representation only

New Delhi, April 2

Franklin Templeton Mutual Fund on Friday said its six shut schemes have received Rs 15,776 crore from maturities, pre-payments and coupon payments since closing down in April, 2020.

The fund house shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.

“The six schemes have received total cash flows of Rs 15,776 crore till March 31, 2021 from maturities, coupons and prepayments since winding up,” the fund house said.

Franklin India Income Opportunities Fund has turned cash positive after repaying all its outstanding borrowings, thus, all the six schemes are now cash positive, the fund house said. — PTI

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