AMFI puts 13 proposals from mutual fund industry for Union Budget 2025
The Association of Mutual Funds (AMFI) has released a document with 13 proposals from the mutual fund industry to the finance ministry for the upcoming Union Budget 2025.
Franklin Templeton Mutual Fund’s six shut schemes have received Rs 941 crore from maturities, pre-payments and coupon payments in a fortnight.
The company had shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
Advertisement
In a statement, Franklin Templeton said that the six schemes received Rs 941 crore from maturities, pre-payments and coupon payments during the period October 30 to November 13, 2020.
Advertisement
It further said this includes Rs 814 crore received as pre-payments and takes the total cash flows received till date since April 24, 2020, to Rs 9,682 crore.
Individually, Franklin India Ultra Short Bond Fund, Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund and Franklin India Credit Risk Fund have 43 per cent, 27 per cent, 26 per cent and 8 per cent of their respective assets under management (AUM) in cash.
Franklin Templeton MF said that cash available stands at Rs 5,952 crore as of November 13 for the four cash positive schemes, subject to fund running expenses.
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 AUM.
Advertisement
