6 shut MF schemes
Returned ₹ 14,572 cr to investors: Franklin
image for illustrative purpose
New DelhiFranklin Templeton Mutual Fund (MF) on Wednesday said its six shuttered debt schemes distributed Rs 14,572 crore to investors till May-end.
Further, cash to the tune of Rs 2,642 crore was available for distribution as of May 31, Franklin Templeton MF said in a statement. The fund house shut its six debt mutual fund schemes in April 2020 citing redemption pressures and lack of liquidity in the bond market.
The schemes -Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund - together had an estimated Rs 25,000 crore as assets under management (AUM).
