InvestorQ : What has been the progress that has happened till date on the Templeton MF closure of funds in April 2020?
Chandralekha Desai made post

What has been the progress that has happened till date on the Templeton MF closure of funds in April 2020?

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NISHA Nayak answered.
6 months ago
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Templeton has had a disappointing year and it is largely of its own making. Remember, Templeton was the only large foreign mutual fund that survived and actually thrived in India. Now it appears to be going through its worst crisis.

The crisis is evident in the falling AUM of Templeton, which been consistently falling sequentially. It began with the fiasco of the 6 funds summarily shut down. Let me quickly run through what actually happened at Templeton back in 2020 April.

A total of six funds of Templeton managing AUM of Rs.26,000 crore were summarily shut down. The fund blamed it on liquidity challenges but that was the ostensible reason. The real reason was the awful bets on high risk bonds that had gone kaput. The irony is that a full 7 months after the fiasco, the funds are still **** and none the wiser.

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