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Franklin Templeton repays 100% in 5 of 6 suspended debt schemes

Franklin Templeton repays 100% in 5 of 6 suspended debt schemes
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Franklin Templeton repays investors of all suspended debt schemes

Franklin Templeton repays investors of all suspended debt schemes
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Franklin Templeton s shut funds receive Rs 13,120 crore till now

Franklin Templeton s shut funds receive Rs 13,120 crore till now Five out of the six schemes have already turned and have close to Rs 8,527 crore available to return to unit holders, subject to fund running expenses Mutual Funds Franklin Templeton s six shut schemes have received Rs 13,120 crore from maturities, pre-payments, and coupons since their closure in April, the fund house said in a statement. Over the latest fortnight, December 16-31, 2020, these schemes received Rs 1,213 crore. Further, five out of the six schemes have already turned and have close to Rs 8,527 crore available to return to unit holders, subject to fund running expenses. Franklin India Short Term Income Plan (FISTIP) is the latest scheme to turn cash positive, it said.

Six Franklin Templeton debt schemes get ₹1,213 crore in second half of December

Six Franklin Templeton debt schemes get ₹1,213 crore in second half of December January 02, 2021 × This makes it the fifth scheme to turn cash positive since all the six schemes were suspended for trading in April The six suspended debt schemes of Franklin Templeton has received ₹1,213 crore in the second fortnight of December. The fund house has repaid the debt in Short Term Income Plan making it the fifth scheme to turn cash positive since all the six schemes were suspended for trading in April. The debt schemes have received ₹13,120 crore till December-end from maturities, pre-payments and coupon payments since April 24. The cash available in the five schemes stands at ₹8,527 crore, subject to fund running expenses.

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