"franklin-india-ultra-short-bond-fund"

The fund house had shut six debt mutual fund schemes on April 23 last year, citing redemption pressures and lack of liquidity in the bond market.

According to the fund house during January 1-15, these schemes received Rs 669 crore, of which Rs 617 crore was as pre-payments.

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