Franklin Templeton Mutual Fund has decided to wind up 6 debt schemes
Apr 24 2020
News Category: AMC Specific Updates
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Franklin Templeton Mutual Fund has decided to wind up 6 debt schemes, namely, Franklin India Low Duration Fund, Franklin India Ultra Short Bond Fund, Franklin India Short Term Income Plan, Franklin India Credit Risk Fund, Franklin India Dynamic Accrual Fund and Franklin India Income Opportunities Fund. According to the fund house, there has been a dramatic and sustained fall in liquidity in certain segments of the corporate bonds market on account of the Covid-19 crisis and the resultant lock-down of the Indian economy which was necessary to address the same. At the same time, mutual funds, especially in the fixed income segment, are facing continuous and heightened redemptions.

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