Investors rushed to redeem investments in credit risk funds after Franklin Templeton Mutual Fund shut six of its debt schemes. Within three trading days of the announcement, ₹9,000 crore was withdrawn from the category as investors were scared that their funds could meet the same fate, given that low-rated papers are difficult to liquidate right now. If you are among those looking for low-risk assets, don’t just settle for fixed deposits and savings bank accounts.
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