Social News XYZ     

Franklin Templeton’s shut funds get Rs 8,741 cr since closure

Franklin Templeton's shut funds get Rs 8,741 cr since closure

New Delhi, Nov 3 (SocialNews.XYZ) 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.

Source: IANS

Facebook Comments
Franklin Templeton's shut funds get Rs 8,741 cr since closure

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz