Indian mutual fund crunch squeezes central bank, says ugalani:
Franklin Templeton India said on April 23 that it would wind up its suite of six “yield-oriented” managed credit funds with immediate effect.
The decision was made “in light of the severe market dislocation and illiquidity caused by the Covid-19 pandemic” and in order to “protect value for investors via a managed sale of the portfolio,” Franklin Templeton said in a statement.
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