News From Press Two Franklin Templeton debt funds turn cash positive on fresh flow

Two Franklin Templeton debt funds turn cash positive on fresh flow

Schemes get ₹1,218 cr from Nirma arm, Tata group, others

Business Line Jul 3, 2020

The six suspended debt funds of Franklin Templeton India have received ₹1,218 crore in June from the investments made before these schemes ran into trouble. The fund house had to suspend fresh investment and redemption in the six debt schemes in April due to unprecedented redemption pressure. The UltraShort Bond Fund and the Short Term Income Fund have turned cash positive, following the cash inflow.

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