MUMBAI: The Association of Mutual Funds in India (AMFI) on Friday said the Franklin Templeton crisis will have no bearing on credit risk funds or the debt mutual funds industry.
In an attempt to assuage investor anxiety, the industry body called Franklin Templeton closing down its debt schemes an isolated case.
Addressing a media conference call, Nilesh Shah, chairman, AMFI, said maturing of instruments should not have an impact on day-to-day operations due to an isolated event of winding down of one mutual fund. "Credit risk funds are 5.9% of industry's aggregate debt asset under management (AUM) and not all have similar credit profile.