Franklin India Low Duration Fund Ultra Short Bond Fund
Short Term Income Plan
Credit Risk Fund
Dynamic Accrual Fund
Income Opportunities Fund
Decision by #FT,has been taken,in the interests of its unit holders
Sale proceeds after discharge of all liabilities&expenses,will be paid to unit holders,in proportion to their respective interests in assets of 6 schemes!
It acquired #PioneerAMC in 2002
It manages over $725 bn in assets globally&runs 21+ schemes in India
Closure of #DebtSchemes is a business decision by FT;Its Equity, SIPs,Hybrid&Balanced funds,will continue running
That is,an over 3½x rise in 10yrs
In Feb 2020,AUM hit a high of 28.29 lakh Cr-Indian MF industry has weathered #Covid_19 crisis much better,than global peers!
Indian #MutualFund industry is in fine fettle,despite #Covid_19 blues!
#ProfessionalPessimists are in overdrive,spreading canards!A business decision by FT,can't be used to run down entire MF industry