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As Future Group defaults Franklin debt funds see further erosion in value


More trouble is brewing for Franklin Templeton’s six debt funds that are in the process of being wound up. Four of the six schemes have seen a value erosion of 1.3 per cent to 4.85 per cent due to the latest default by Future Group companies nuFuture Digital India Ltd (NIDL) and Future Ideas Co Ltd (FICL).

In a note to investors, Franklin Templeton said that due to payment defaults, the securities of FICL and NDIL will be valued at zero basis on AMFI standard haircut matrix, and the interest accrued and due will be fully provided ...


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