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  • News From Press Debt fund fiasco starts hurting Franklin Templeton MF; AAUM falls sharply in April-June quarter

    Debt fund fiasco starts hurting Franklin Templeton MF; AAUM falls sharply in April-June quarter

    Apart from debt schemes, Investors also seem to be pulling money out even from the equity schemes managed by the fund house. Equity AAUM also suffers because of market movements.
    The Economic Times Jul 7, 2020

    Mutual fund investors seem to be disenchanted with Franklin Templeton Mutual Fund. The fund house that faced investors’ wrath after it shut its six debt mutual fund schemes on April 23, saw its average assets under management or AAUM falling drastically in the April-June quarter. Apart from debt schemes, Investors also seem to be pulling money out even from the equity schemes managed by the fund house. Equity AAUM also suffers because of market movements.

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