News From Press Advisers fine-tune debt fund portfolios post Franklin fiasco

Advisers fine-tune debt fund portfolios post Franklin fiasco

Planners are exiting schemes that have papers rated AA or below to ensure that the redemptions in the fund do not hamper the returns.

Mint May 2, 2020

Franklin Templeton India’s decision to shut down six of its debt schemes has caused an unprecedented panic among investors. Mumbai-based financial planners Suresh Sadagopan and Steven Fernandes both saw at least one of their clients redeeming all investments in debt mutual funds and moving the money to fixed deposits.

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