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 hearing in Supreme Court 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 have been wound-up) also received the payments. 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 of segregation).
"Interest payment was received