News From Press Franklin Templeton MF credibly managed post-Covid debt crisis: Parekh

Franklin Templeton MF credibly managed post-Covid debt crisis: Parekh

Source: BS Sep 16, 2023

Franklin Templeton Mutual Funds (FT MF) deserves credit for the way they managed to tide over the debt crisis in the wake of Covid-19 in 2020, veteran banker Deepak Parekh said at an FT MF event in Mumbai on Friday.

FT MF had wound up six of its debt schemes in April 2022, citing redemption pressure amid lack of liquidity in the bond market.

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