Markets

Franklin MF’s 6 shut schemes fetch ₹8,302 cr.

Franklin Templeton Mutual Fund has said its six shut schemes have received ₹8,302 crore from maturities, prepayments and coupon payments since closing down in April.

“The six schemes have received total cash flows of ₹8,302 crore as of October 15, 2020, from maturities, prepayments and coupon payments since April 24, 2020,” Franklin Templeton MF said in a statement.

Part of this amount has been utilised to repay borrowings and post repayment, ₹5,116 crore is available for distribution to unitholders in four cash positive schemes , subject to fund running expenses.

This article is closed for comments.
Please Email the Editor

Printable version | Oct 31, 2020 7:57:47 AM | https://www.thehindu.com/business/markets/franklin-mfs-6-shut-schemes-fetch-8302-cr/article32883172.ece

Next Story