Franklin Templeton received Rs 8,741 crore on closure Image source: Unsplash
Business

Franklin Templeton received Rs 8,741 crore on closure

During the October 16-29, the six schemes received Rs 438 crore from maturities, pre-payments and coupon payments.

IANS

The six shut schemes of Franklin Templeton India have received Rs 8,741 crore as of October 29 since their closure announcement in April.

During the October 16-29, the six schemes received Rs 438 crore from maturities, pre-payments and coupon payments.

"With this the cash available stands at Rs 5,441 crore as of October 29, 2020 for the four cash positive schemes, subject to fund running expenses," the company said.

Individually, Franklin India Ultra Short Bond Fund, Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund and Franklin India Credit Risk Fund have 42 per cent, 25 per cent, 20 per cent and five per cent of their respective assets under management (AUM) in cash.

Help Us Create the Content You Love

Take Survey Now!

Enjoyed reading The Bridge Chronicle?
Your support motivates us to do better. Follow us on Facebook, Instagram, Twitter and Whatsapp to stay updated with the latest stories.
You can also read on the go with our Android and iOS mobile app.

PMC Elections: Flood of Objections Over Pune’s Draft Ward Structure

BCCI invites "Invitation for expression of interest for national team lead sponsor rights"

Top Indian chess stars crowd FIDE Grand Swiss 2025, kick off tomorrow

Rashid Khan sets T20I record as Afghanistan triumphs over UAE

Aapli PMPML App Turns One: Pune’s Digital Bus Ticketing on the Rise, But Still a Long Way to Go

SCROLL FOR NEXT