Vodafone Idea makes interest payment to mutual funds

MUMBAI: Mutual fund schemes, which had segregated their Vodafone Idea Ltd exposure in side pockets, have received interest payments from the telecom firm on 12 June.

While the side pockets of Franklin Templeton India schemes have received ₹102.71 crore as interest, UTI Mutual Fund and Nippon India Mutual Fund have also cumulatively received ₹13.5 crore and ₹9.3 crore respectively, said spokesperson of these fund houses.

Nippon India in the statement also said that the part payment will be credited in investors’ accounts in three days and they remain confident of receiving full payment.