Franklin Templeton Mutual Funds | Franklin India shut down six credit risk strategy debt fund (2020)

Franklin Templeton Mutual Funds | Franklin India shut down six credit risk strategy debt fund (2020)

– This Pandemic Has Forced Franklin Templeton to Close Six Credit risk strategy funds
Pandemic did not just end up by making our lives miserable but also has impacted the economy harshly. The result of this is clear from the recent shutdown of six credit risk strategy debts by Franklin Templeton, one of the major mutual fund world-wide.
The six schemes and reason for the shutdown

The six schemes that the company has shut down are:
1. Franklin India Low Duration Funds,
2. Franklin India Dynamic Accrual Fund,
3. Franklin India Credit Risk Fund,
4. Franklin India Short Term Income Plan,
5. Franklin India Ultra Short Bond Fund, and,
6. Franklin India Income Opportunities Fund.