On Thursday, Franklin Templeton said that its six shut schemes from maturities, pre-payments and coupon payments since closing in April had received Rs 7,184 crore.

In a statement, it said that during 1-15 September it had received Rs 698 crore, which takes the total cash flows received till date to Rs 7,184 crore since 24 April. It has shut debt mutual fund schemes on 23 April due to the redemption pressures and lack of liquidity in the bond market.

It said out of six mutual fund schemes, Franklin India Ultra Short Bond Fund has 35 per cent Assets Under Management (AUM) available in the form of cash for distributing to unitholders. While Franklin India Dynamic Accrual Fund has 17 per cent, Franklin India Low Duration Fund with 9 per cent and 2 per cent Franklin India Credit Risk Fund.

According to the order of Karnataka High Court, the e-voting and unitholders’ meet will remain suspended until further directions.

In addition to that, the fund house said that the borrowing levels in the remaining two schemes (Franklin India Short Term Income Plan and Franklin India Income Opportunities Fund) would continue to come down steadily.

Following the Delhi High Court’s decision, Franklin Templeton MF will sell pledged shares of Zee Entertainment Enterprises. The fund house said that the debenture trustees have sold the entire shares of ZEE firm and has successfully recovered Rs 92.35 crore.