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When Franklin Templeton Mutual Fund wound up its six yield-oriented, managed credit funds last week, it shook the confidence of a large number of retail investors in debt fund schemes.
The fund house said the move was aimed at protecting the value of unit holders’ investments. What this means is that investors in these six schemes can no longer make fresh investments, but more importantly they can not pull money out of or transfer to other schemes.
BloombergQuint spoke to certified financial planner Harshvardhan Roongta about this phenomenon and what investors in other debt mutual funds should do to safeguard their money.
