The Association of Mutual Funds in India (Amfi) has rushed to assuage investors’ concerns and stem any cascading redemption pressure on debt funds of other mutual fund houses following Franklin Templeton India’s decision to shut down six debt schemes.
Action is limited to only these six funds, Amfi said in a press release on Friday.
“Liquidity, maturity profile and credit quality for other debt funds is appropriate for day-to-day operations to continue uninterruptedly," it said.
