What happened in Franklin Templeton debt schemes? Six schemes of Franklin Templeton Mutual Fund had taken aggressive credit calls in their portfolios.

As India went into lockdown post the covid-19 crisis, these papers became largely illiquid in the debt market. At the same time investors grew jittery about credit risk and redemptions in the funds soared.

This forced the fund house to borrow money from banks to honour them. However this position was unsustainable and hence the fund house took the decision to close the schemes to both inflows and outflows.

If you have money in any of these schemes you will not be able to withdraw it. The schemes are Franklin Ultra Short Bond Fund, Franklin India Low Duration Fund, Franklin India Short Term

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