I had investments of 20L in Franklin funds. I am not sure if I should keep any money in Mutual Funds right now. Is there any chance of recovery for my funds?
- Priyanka tripathi | 176 days ago
- AAkshit Girhotra173 days ago
The coronavirus pandemic caused a major liquidity crunch in the systems. Investors needed to redeem funds to meet fixed expenses, as income flows had ceased due to the lockdown. IN such a scenario, investors normally tend to first redeem risky assets.
All the funds closed by Franklin Templeton were exposed to high credit risk instruments. The instruments were the ones that had high chances of defaulting. This pushed investors to take redeem these instruments to either meet their expense...Read More