News From Press Franklin Templeton debt funds see further dip in NAV as Future Group defaults

Franklin Templeton debt funds see further dip in NAV as Future Group defaults

The net asset value of Franklin India Income Opportunities Fund fell by 4.85% on Friday

Mint Aug 4, 2020

Four of the six debt schemes of Franklin Templeton Mutual fund which are under winding up saw further dip in their NAVs due to default in payment of dues by the Future Group. The net asset value of Franklin India Income Opportunities Fund fell by 4.85% on Friday. Franklin India Credit Risk Fund saw a dip of 2.28%, Franklin India Short Term Income Plan dipped 1.75% and Franklin India Dynamic Accrual dropped 1.34%.

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