Larger fund houses have seen an increase in their share of debt assets, with investors avoiding smaller-sized schemes amid fears of limited liquidity. This follows Franklin Templeton’s move to wind up six of its schemes.
In April, the share of the top-five players expanded by 598 basis points to 60 per cent. In the same month, Franklin Templeton Mutual Fund (MF) had announced winding up of six of its credit-oriented schemes amid heightened redemption pressures and lack of liquidity in debt markets.
