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Mini In an unprecedented move, Franklin Templeton Mutual Fund has closed down six of its debt schemes in India. In an unprecedented move, Franklin Templeton Mutual Fund has closed down six of its debt schemes in India citing severe redemption pressure and illiquidity in the bond markets amid the ongoing coronavirus crisis.What are the six funds of Franklin Templeton?
These six funds are: Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund and Franklin India Income Opportunities Fund.What kind of reputation does Franklin Templeton have?
Franklin Templeton holds a good reputation in managing risks.Who was caught in the Franklin Templeton crisis?
Some investors that got caught in the Franklin Templeton mess unknowingly were those that had enrolled for systematic transfer plans (STPs).