News From Press Liquidity boost may be a little late for Franklin Templeton

Liquidity boost may be a little late for Franklin Templeton

The ₹50,000 crore facility for mutual funds is at least a week late, say experts

Mint Apr 28, 2020

The Reserve Bank of India’s (RBI’s) special liquidity facility of ₹50,000 crore for mutual funds (MFs) is at least a week late and comes only after Franklin Templeton India decided to discontinue six debt schemes. Therefore, the benefit of the liquidity window is unlikely to be available to these six schemes, as redemptions were stopped on 23 April.

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