Tag: franklin crisis

Credit Debt Funds get a breather from redemptions

Credit risk category mutual funds saw a steady decline in their assets under management last fiscal as the AUM decreased from INR 81,000 Crs at the beginning of FY 20 to almost INR 55,000 Crs by the end of the fiscal year. The Franklin fiasco exacerbated the trend and the AUM fell sharply to INR 36,000 Cr by end of April and further fell to INR 30,000 Cr by end of May. However, in what would be as a sigh […]

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