Tag Archives: Franklins

[ad_1] Mutual funds (MFs) are concerned that the collapse of six Franklin Templeton India debt schemes will trigger a redemption crisis in the nation’s asset management industry. Asset managers are cutting back on bad investments and looking for bank loans, and a liquidity intervention by the Reserve Bank of India …

[ad_1] Asset managers are cutting back on bad investments, seeking bank loans and a liquidity intervention from the Reserve Bank of India (RBI) to stem the consequences of large repayments. As of April 23, four fund houses had borrowed ₹Rs 4,427.68 million to manage bailout pressure, according to the Mutual …