News From Press View: Mutual fund industry should choose between corporate and retail money

View: Mutual fund industry should choose between corporate and retail money

A mutual fund halts redemptions when it is not able to sell the assets to pay investors. That’s what happened at Franklin Templeton. Assets Under Management, or AUM, of these six schemes fell between 15 and 30 percent,with Franklin India Short Term Plan in the lead, data from the fund’s website shows.

ET Apr 25, 2020

Franklin Templeton India shuttering six of its debt funds has triggered the automated debate whether debt funds are good for poor investors and how reckless the fund managers have been in choosing where to invest. The development,though bitter for investors as well as the institution, brings to fore the fault lines running beneath the Indian mutual fund industry’s astronomical growth and the shallow bond market.

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