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AGR dues: MFs receive interest payment from Vodafone ahead of SC hearing

Franklin Templeton MF, which had exposure to the debt papers of the company in six of its schemes (that are being wound up), also received payment.

AGR impact: Voda Idea posts biggest quarterly loss in India Inc history

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According to sources, Nippon India MF had also received the payments. Before creation of segregated portfolio, the Nippon India’s Hybrid Bond Fund had exposure of Rs 39 crore (as of January 31, 2020) to the debt paper of Vodafone Idea.

Jash Kriplani Mumbai

2 min read Last Updated : Jun 14 2020 | 4:23 AM IST

Mutual funds (MFs) with exposure to debt papers of the troubled telecom major Vodafone Idea received interest payments from the company on June 12, ahead of a hearing in the Supreme Court (SC) over its dues related to additional gross revenues (AGR) next week.

Franklin Templeton MF (FT MF) — which had exposure to the debt papers of the company in six of its schemes (that are being wound up) — also received the payment. This would allow the fund house to distribute these funds to investors who were invested in the six schemes as on January 24 (effective date

Topics : Mutual Funds Franklin Templeton Vodafone Idea Adjusted gross revenue Supreme Court mutual fund industry UTI MF Nippon CARE Ratings

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