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Shut schemes of Franklin Templeton have obtained curiosity fee from Vodafone Idea Ltd for non-convertible debentures on September 3. Franklin Templeton Mutual Fund will distribute the quantity to the buyers in proportion to their holdings within the plans of the segregated portfolio. Actual curiosity obtained by the schemes underneath ‘Segregated Portfolio 2 (10.90% Vodafone Idea Ltd 02-Sep-23)’ is as under:
- Franklin India Low Duration Fund (No. of segregated portfolios – 2) ₹17.64 crore
- Franklin India Short Term Income Plan (No. of segregated portfolios – 3) ₹61.09 crore
- Franklin India Credit Risk Fund (No. of segregated portfolios – 3) ₹39.37 crore
- Franklin India Dynamic Accrual Fund (No. of segregated portfolios – 3) 10.98 crore
- Franklin India Income Opportunities Fund (No. of segregated portfolios – 2) ₹16.94 crore
“The payout shall be processed by extinguishing proportionate units in the plans of the segregated portfolio of respective schemes. After the payment, the number of units outstanding in the investor account under said segregated portfolio of the scheme would fall to the extent of payout and statutory levy,” stated the round.
The Record Date for the items held in demat mode can be September 11, Friday. For items held in bodily/ Statement of Account mode the holding as on September 3, 2020 shall be thought-about for processing these transactions.
Franklin Templeton Mutual Fund, on August 31 confronted default in funds by Rivaaz Trade Ventures Pvt Ltd (RTVPL) due on August 31. RTVPL is a Future group entity. ‘ Due to default in fee, the AMC introduced to worth the securities of RTVPL at zero foundation.
The 4 schemes of the troubled mutual fund home that had publicity to Rivaaz Trade Ventures are, Franklin India Short Term Income Plan, Franklin India Dynamic Accrual Fund, Franklin India Income Opportunities Fund and Franklin India Credit Risk Fund.
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