News From Press Credit risk funds’ AUM see 26% fall in a week

Credit risk funds’ AUM see 26% fall in a week

From managing Rs 48,576 crore on April 30, AUM of 20 credit risk funds fell to Rs 36,008 crore by April 30, latest data from industry body Amfi showed.

The Economic Times May 5, 2020

In just one week after Franklin Templeton MF’s shock-decision to close down six of its debt funds late on April 23, all the credit risk funds, the high-risk-schemes at the centre of the crisis, together saw a Rs 12,569-crore or nearly 26% slide in total assets under management (AUM).
From managing Rs 48,576 crore on April 30, AUM of 20 credit risk funds fell to Rs 36,008 crore by April 30, latest data from industry body Amfi showed.

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