Franklin Templeton update on 6 Yield Oriented Funds: Mid-month Portfolio & Maturity Profile

Technology 15 May 2021 1:40:PM

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Please find below update received from Franklin AMC regarding 6 Yield Oriented Funds, their Mid-month Portfolios & Maturity Profile:

In our endeavour to provide regular updates on our 6 yield-oriented fixed income schemes that are currently in the winding up process, we are sharing the latest portfolio update of these schemes as of 15 July 2020 in the below links:

1.  Security Level Portfolio

2.  Maturity Profile

Here are a few key highlights as of 15 July 2020 for your ready reference:

1.  Rs. 3387 crore received as cash flows in 6 Yield Oriented Funds since 24 April 2020 till date.

2.  Franklin India Ultra Short Bond Fund (FIUBF) & Franklin India Dynamic Accrual Fund (FIDA) are cash positive after repaying their outstanding borrowings. As of 15 July 2020, FIUBF has 14% and FIDA has 4% of their respective AUM available to distribute to unitholders subject to a successful unitholder vote.

3.  Borrowing levels in the other funds continue to decline with Franklin India Low Duration Fund (FILDF) and Franklin India Credit Risk Fund (FICRF) having an outstanding borrowing of sub-10% of their AUM.

However, the e-voting and unitholders meet continue to remain suspended till we get further directions from the Hon’ble Karnataka High Court. Active monetization of assets of the schemes and distribution of investment proceeds to unitholders will be possible only after successful e-voting. We will continue to update you on the winding up process on a regular basis. For all our previous updates, please refer to this link . 
Thank you once again for your continued patience and co-operation.
Please note that we have shared this with all impacted investors as well as hosted the portfolio and maturity profile on our website.

In case of any queries, please call our dedicated toll-free distributor lines on 1-800-425-9100 or 1-800-258-9100 from 9 a.m to 6 p.m Monday to Friday, and 9 a.m to 2 p.m on Saturday or email us at distserve@franklintempleton.com. We would be happy to assist.

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