The recent fiasco surrounding Franklin Templeton Mutual Fund investments would have been nerve-wracking for investors. The fund house closed redemptions for investors in six of its debt funds, which means many investors are still stuck holding units. Now, investors will get refunded as and when the bonds these funds hold are repaid. However, the episode … Read more
The debt fund crisis taught lakhs of investors a harsh lesson about risks Rajesh Kumar couldn’t believe what he was reading that Thursday evening. His mutual fund had shut its doors without warning. Franklin Templeton was winding up six debt schemes, and his Rs 8 lakh investment was now frozen indefinitely. “I needed that money … Read more
The Indian rupee’s recent tailspin spurred by the sharp sell-off in emerging market currencies, particularly the Turkish lira, has caught investors in a bind. The rupee’s fall breached the psychological Rs 70 mark after hovering for a long time around the Rs 69 levels. Equity and bond markets have come under pressure with the rupee … Read more