Vodafone pays Rs 103 crore to Franklin Templeton Mutual Fund

Franklin Templeton Mutual Fund on Sunday said it has received an interest payment of about Rs 103 crore from Vodafone Idea Ltd, which will be distributed among investors in proportion to their holdings in the plans of the segregated portfolios.

There are six schemes — Franklin India Ultra Short Bond Fund, Franklin India Low Duration, Franklin India Short Term Income Plan, Franklin India Credit Risk Fund, Franklin India Dynamic Accrual Fund, and Franklin India Income Opportunities Fund — which had made investments in Vodafone Idea.

Franklin Templeton MF side-pocketed its exposure in the telecom player and from January 24, various securities issued by Vodafone Idea in the schemes were segregated from the total portfolio.

Read more

You may also like

More in Newspapers

Comments are closed.