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Franklin Templeton debt schemes: All you should know about the crisis

In an unprecedented decision, Franklin Templeton Mutual Fund (MF) on Thursday decided to shut six of its open-ended debt schemes oriented towards high-yield investments citing continued redemption pressure and lack of liquidity in the debt markets amid the lockdown and the coronavirus pandemic. All these schemes followed the high-risk, high-return credit risk strategy. According to industry sources, Franklin Templeton MF had over Rs 3,000 crore of borrowing. The fund house will now sell the underlying securities of all these funds over time and pay off their investors in a staggered manner.

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