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

October 18, 2020 02:44 am | Updated 02:44 am IST - New Delhi

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.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.