Franklin Templeton's six shut schemes have received Rs13,120 crore from maturities, pre-payments, and coupons since their closure inApril.
Over the latest fortnight, December 16-31, 2020, theseschemes received Rs 1,213 crore.
Further, five out of the six schemes have already turned andhave close to Rs 8,527 crore available to return to unit holders, subject tofund running expenses. Franklin India Short Term Income Plan (FISTIP) is thelatest scheme to turn cash positive, the fund house said in a statement.
Individually, Franklin India Low Duration Fund, Ultra ShortBond Fund, Dynamic Accrual Fund, Credit Risk Fund and Short Term Income Planhave 52 per cent, 49 per cent, 41 per cent, 23 per cent and 8 per cent of theirrespective asset under management in cash.
Borrowing levels in Franklin India Income Opportunities Fundcontinue to come down steadily and currently stands at 6 per cent of its AUM.
The Supreme Court had directed the Trustee of FranklinTempleton Mutual Fund to seek consent of the unitholders for the winding up ofthe six schemes. Accordingly, the Trustee conducted the e-voting for the samefrom December 26-28, 2020 followed by a unitholder meet on December 29, 2020.
The fund house said that as directed by the top court,redemptions in these schemes will continue to be suspended till the date of thenext hearing scheduled in the third week of January 2021.