News From Press Franklin Templeton effect: Credit risk funds see AUM decline by Rs 19,000 crore in April

Franklin Templeton effect: Credit risk funds see AUM decline by Rs 19,000 crore in April

The Financial Express May 6, 2020

Credit risk funds have seen assets decline by nearly Rs 19,000 crore in April as investors rushed to redeem their money after the closure of six debt schemes by Franklin Templeton Mutual Fund, data showed. Daily assets under management (AUM) of credit risk funds on March 31 was Rs 55,182 crore, which came down to Rs 35,929 crore on April 30, the data from Association of Mutual Funds in India (Amfi) show.

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