INSUBCONTINENT EXCLUSIVE:
Mumbai: Franklin Templeton Mutual Fund said on Thursday it has voluntarily decided to wind up its suite of six yield-oriented, managed
credit funds, effective April 23, citing the severe market dislocation and illiquidity caused by the Covid-19 pandemic.
These six funds are:
Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income
illiquidity caused by the Covid-19 pandemic, this decision has been taken in order to protect value for investors via a managed sale of the
material direct exposure to the higher yielding, lower-rated credit securities in India that have been most impacted by the ongoing
appeared/also appeared in
https://economictimes.indiatimes.com/markets/stocks/news/covid-19-crisis-franklin-templeton-voluntarily-winds-up-six-credit-funds/articlesho