Further, five out of the six schemes have already turned and have close to Rs 8,527 crore available to return to unit holders, subject to fund running expenses.
Individually, Franklin India Ultra Short Bond Fund, Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund and Franklin India Credit Risk Fund have 49 per cent, 48 per cent, 34 per cent and 16 per cent of their respective AUM in cash.
Sanjay Sapre, President of Franklin Templeton Asset Management (India) Pvt. Ltd, noted that employees who made investments in the six schemes continue to hold substantial investments in these schemes
