InvestorQ : What is Franklin Templeton Fiasco and what are the schemes that have been affected by it?
vidhya Laxmi made post

What is Franklin Templeton Fiasco and what are the schemes that have been affected by it?

Answer
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shivangi Arora answered.
6 months ago


Recently, due to the liquidity crisis, the company has decided to wind up six mutual fund schemes. The company has decided that the investors will not be able to buy or sell any of these schemes anymore. No SIP/SWP/STP shall work on these schemes. This is one of the biggest failures on part of the company and the entire debt funds shall be affected by the decision.

The schemes that have been wound up are:
Franklin India Dynamic Accrual Fund
Franklin India Low Duration Fund
Franklin India Credit Risk Fund
Franklin India Short-term Income Plan
Franklin India Income Opportunities Fund
Franklin India Short Bond Fund

These schemes collectively manage assets worth Rs 26,000 crore.