Economy

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

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Franklin Templeton Mutual Fund has mentioned its six shut schemes have obtained ₹8,302 crore from maturities, prepayments and coupon funds 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 mentioned in a press release.

Part of this quantity has been utilised to repay borrowings and put up reimbursement, ₹5,116 crore is out there for distribution to unitholders in 4 money constructive schemes , topic to fund working bills.



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