Creation of segregated portfolios is a mechanism to separate distressed, illiquid, and hard-to-value assets from other more liquid assets in a portfolio.
"Interest payment of Rs 102.71 crore was received from Vodafone Idea Ltd on June 12, 2020," the fund house said in a statement.
This amount shall be distributed to investors in proportion to their holdings in the plans of the segregated portfolio, it added.
"The payout shall be processed by extinguishing proportionate units in the plans of the segregated portfolio of respective schemes. After the payment, the number of units outstanding in the investor account under said segregated portfolio of the scheme would fall to the extent of payout and statutory levy (if applicable)," the fund house said.
For units held in physical or statement of account mode, the partial payment of the outstanding unitholding as on June 12 will be extinguished and will be distributed to unitholders by June 17.
In January, Franklin Templeton, which had an exposure of over Rs 2,000 crore to Vodafone Idea in six of its schemes, had marked down its investment in the securities issued by the telecom player to zero.
The fund house had markdown the schemes after the Supreme Court rejected the telecom player's review plea related to over Rs 40,000 crore in adjusted gross revenue (AGR)-related dues to the government.