Franklin Templeton Mutual Fund shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market.
The six schemes received Rs 941 crore from maturities, prepayments and coupon payments between October 30 and November 13, the fund house said in a statement.
This includes Rs 814 crore received as prepayments and takes the total cash flows received till 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 8% 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.