Financial sector News update- After the decision of the country's eighth-largest mutual fund company
Franklin Templeton closed 6 schemes in the Mutual fund industry, had a 1.4% stake, investors do not panic: Financial Updates by AMFI
⇛Franklin Templeton has decided to discontinue his six debt schemes. The company says that it has taken this decision due to the cash crisis. This has led to inconvenience among investors investing in debt funds of mutual fund houses including Franklin.
⇛AMFI recommends that investors should focus on their goals and seek financial advice. The total assets under the AUM of these 6 schemes were 1.4% of the total mutual AUM of the Indian mutual fund industry as of 31 March 2020.
At present, 44 Mutual Fund Houses are giving their service in India
⇛As mentioned in the Economic News Report, According to experts, the industry is currently well-maintained, except for the six schemes of Franklin.
⇛Franklin said that apart from the six schemes that have been discontinued, all other fund equity debt and hybrids will not be affected by this decision.
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