Debt funds’ AUM stand at ₹25,000 cr.
Franklin Templeton Mutual Fund’s six schemes have acquired ₹four,280 crore from maturities, pre-payments and coupon funds because the announcement of their closure in April. The quantity has been acquired with out the power to effectively monetise belongings, Franklin Templeton Asset Administration (India) president Sanjay Sapre wrote in a letter to buyers. The schemes will endeavour to speed up monetisation put up the profitable completion of the e-voting train and the unit-holder meets, he added. “From April 24 until July 31, 2020, the schemes have acquired ₹four,280 crore from maturities, pre-payments, and coupons,” he stated. Of the overall quantity, the schemes acquired ₹1,005 crore in July alone. Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption strain and lack of liquidity within the bond market. These schemes collectively have an estimated ₹25,000 crore as belongings beneath administration (AUM).
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