Franklin Templeton Mutual Fund shut six debt mutual fund schemes on April 23, citing redemption strain and lack of liquidity within the bond market.
The six schemes acquired Rs 941 crore from maturities, prepayments and coupon funds between October 30 and November 13, the fund home mentioned in an announcement.
This contains Rs 814 crore acquired as prepayments and takes the overall money flows acquired until date since April 24 to Rs 9,682 crore, it added.
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%, 27%, 26% and eight% of their respective belongings underneath administration (AUM) in money.
Franklin Templeton MF mentioned that money obtainable stands at Rs 5,952 crore as of November 13 for the 4 money constructive schemes, topic to fund working bills.
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 — collectively had an estimated Rs 25,000 crore as AUM.