The six debt schemes of Franklin Templeton India acquired ₹475 crore from maturities, coupons and prepayments within the fortnight ended February 26.
The entire influx into these schemes stands at ₹15,048 crore since April 23, when the debt funds have been suspended abruptly for funding and redemption.
As per the Supreme Courtroom course, SBI Funds Administration has distributed ₹9,122 crore obtainable within the 5 of the six cash-positive schemes. The remaining ₹1,180 crore can be distributed in tranches with out ready for liquidation of all securities within the portfolio, mentioned the fund home.
Franklin Templeton had raised debt to satisfy the preliminary redemption stress in these schemes early final 12 months and repaid them earlier than distributing the excess to buyers.
The debt stage within the Revenue Alternative Fund has lowered from ₹79 crore because it acquired ₹44 crore within the fortnight underneath evaluation.
The Extremely Quick Bond Fund has the best surplus money of ₹789 crore, whereas the Quick Time period Revenue Plan and Low Length Fund have ₹246 crore and ₹66 crore. The Credit score Danger and Dynamic Accrual funds have ₹60 crore and ₹19 crore surplus money.
The NAVs of all of the six schemes are greater than the date on which the winding-up determination was taken, it mentioned.
The Supreme Courtroom, in its February 12 order, appointed SBI Funds Administration because the authorised individual underneath Regulation 41 to take the following steps on monetisation of asset held by the schemes.