Business News›Wealth›Invest›What should investors in Franklin Templeton mutual fund schemes do: Wait or exit?
ET Invest NEWS
|
Powered by
What should investors in Franklin Templeton mutual fund schemes do: Wait or exit?
Experts point out that other fund houses were not hit by these external forces to this extent.
Synopsis
Investors who have nearly Rs 78,000 crore in schemes face an anxious wait to see if the asset manager will close down in case of adverse actions. The question is should you wait for events to take their own course or should you withdraw your money right away?
The Franklin Templeton (FT) saga continues to develop new twists. What began as a liquidity squeeze forcing the fund house to wind up six debt funds about a year ago has now spilled into the realm of foreign policy. Last month,
Economic Times reported that the asset manager’s US-based parent has engaged diplomatic channels to rein in Indian authorities from taking a harsh stance on the matter. The asset manager even dropped a subtle hint of a
