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  • News From Press Franklin Templeton MF's six shut schemes generate Rs 14,391 cr

    Franklin Templeton MF's six shut schemes generate Rs 14,391 cr

    Borrowing levels in Franklin India Income Opportunities Fund continue to come down steadily and currently stand at 5 per cent of AUM.
    The Economic Times Feb 2, 2021

    Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 14,391 crore from maturities, pre-payments and coupon payments since their closing down in April. Franklin Templeton MF shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market. The schemes -- Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund -- together had an estimated Rs 25,000 crore as assets under management (AUM).

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