Mumbai: Franklin Templeton Mutual Fund in India on Thursday announced shutting down of six of its yield oriented managed credit funds owing to the severe illiquidity and redemption pressures caused by the Covid-19 pandemic. "We explored all the possibilities to save the interest of investors after careful analysis we have arrived at this decision.

This is to ensure orderly and equitable exit of investors without having to sell in the illiquid market," said Sanjay Sapre, President, Franklin Templeton - India in a select media call.

The funds include -- Franklin India Low Duration Fund, Dynamic Accrual Fund, Credit Risk Fund, Short Term Income Plan, Ultra Short Term Bond Plan and Income Opportunities Fund.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
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United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

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