InvestorQ : Any positive for Franklin India Ultrashort bond in the near future?
Tisha Malhotra made post

Any positive for Franklin India Ultrashort bond in the near future?

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Moii Chavate answered.
2 years ago
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Franklin Templeton has marked down its debt schemes’ exposure in troubled telecom operator Vodafone Idea. As a result, the returns of its several schemes are down by 4% to 7% in the short run. High debt coupled huge statutory dues to the Government of India has created uncertainty around the existence of the company.

Therefore, recovery in the NAVs of debt funds affected by Vodafone Idea exposure will depend on the company's ability to survive and service its debt and statutory obligations.

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