Franklin Templeton MF’s Six Shut Schemes Generate Rs 438 Crore

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Franklin Templeton Mutual Fund.

Franklin Templeton Mutual Fund.

Franklin Templeton MF had closed six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity within the bond market.

  • PTI
  • Final Up to date: November 03, 2020, 13:27 IST
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New Delhi: Franklin Templeton Mutual Fund has stated its six shut schemes have obtained Rs 438 crore from maturities, pre-payments and coupon funds within the second half of October. This quantity takes the full money flows obtained to Rs 8,741 crore since closing down of the schemes in April, the fund home stated in an announcement.

Franklin Templeton MF had closed six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity within the bond market. The schemes — Franklin India Low Length Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit score Threat Fund, Franklin India Brief Time period Revenue Plan, Franklin India Extremely Brief Bond Fund, and Franklin India Revenue Alternatives Fund — collectively had an estimated Rs 25,000 crore as property underneath administration (AUM).

“The six schemes have obtained Rs 438 crore from maturities, pre-payments and coupon funds through the interval October 16-29, 2020,” Franklin Templeton MF stated. Individually, Franklin India Extremely Brief Bond Fund, Franklin India Low Length Fund, Franklin India Dynamic Accrual Fund and Franklin India Credit score Threat Fund have 42 per cent, 25 per cent, 20 per cent and 5 per cent of their respective property underneath administration (AUM) in money.

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