When Fixed Income Comes Unfixed
By shutting down six debt schemes (https://tinyurl.com/yamnrc6s), Franklin Templeton Mutual Fund has created an air of anxiety for investors in mutual fund (MF) debt schemes. It is perhaps an unusual event; but it is a reminder to all of us. The fund house gave courage to another fund house, BOI-Axa to make some confessions. They are NOW wiring down a lot of doubtful debt investments. Credit...
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