Franklin Templeton debt schemes get ₹869 cr - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Synopsis
In a letter to the unitholders of the six shut debt mutual fund schemes, Sanjay Sapre, President, Franklin Templeton India, thanked the unitholders.
Agencies
In a letter to the unitholders of the six shut debt mutual fund schemes, Sanjay Sapre, President, Franklin Templeton India, thanked the unitholders. Sapre said that out of the total number of unitholders who cast their votes, over 96% of unitholders have voted in favour of the winding up of the six schemes.
Following are the scheme wise results:
ET Online
“We are thankful to our unitholders for voting overwhelmingly in favour of the orderly winding up in all 6 schemes. We deeply appreciate the support of our investors and partners and hope to commence distribution of investment proceeds at the earliest, subject to the directions of the Hon’ble Supreme Court. The next hearing in this matter is scheduled to take place on January 25, 2021,” Sapre said in the letter.
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.
Franklin Templeton s shut funds receive Rs 13,120Cr so far daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Six Franklin Templeton debt schemes get ₹1,213 crore in second half of December
January 02, 2021
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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.