Franklin mutual funds fiasco started when they have wind up debt mutual fund schemes in April, 2020. Investors who have invested in Franklin Debt Mutual Funds still not received their money yet. Now there is a news on Moneycontrol that in an audit report reviewed by them has several irregularities from Franklin India mutual funds. If you have invested in any of the Franklin equity mutual fund schemes, you might be wondering what to do now. Should you exit Franklin India Mutual Fund Schemes now?
When did Franklin Debt Mutual Funds crisis start?
Due to covid-19, there were redemption pressure on Franklin debt mutual fund schemes. Due to this pressure, Franklin India mutual funds have taken the decision to wind up in debt mutual fund schemes in April, 2020. Due to this action, investors who invested money in debt mutual…