Franklin Templeton Mutual Fund’ s (MF) move to wind-up six of its debt schemes has put the spotlight on unlisted debt securities held by MF schemes.
The Securities and Exchange Board of India (Sebi) has noted that some schemes were yet to rebalance portfolios to reduce riskier exposure despite enough time given to the mutual fund (MF) industry. Excluding Franklin’s debt schemes, the industry data for available disclosures shows some MF schemes still hold over Rs 5,700 crore exposure to unlisted or privately-placed debt securities, with certain schemes holding over half the ...
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First Published: Mon, May 11 2020. 20:14 IST
