ECONOMY/ GOVERNANCE

Topic: General Studies 3:

COVID-19: Impact on Mutual Funds (Franklin Templeton issue)

Context: Franklin Templeton (FT) Mutual Fund, the ninth largest in India, decided to close its six managed credit funds, which had combined assets under its management of around Rs 28,000 crore (25% of its total assets)

It cited reduced liquidity in the bond markets caused by the COVID-19 pandemic as reason for closure of these MF schemes.

What is Mutual Fund?

Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 25th April 2020

Daily Current Affairs IAS | UPSC Prelims and Mains Exam – 25th April 2020

Pic Source: Here

Merits of Mutual Funds

Disadvantages of a Mutual Fund

Why did FT announce closure of the MF schemes?

What does the closure of Mutual Fund schemes by FT, mean for investors?

Impact of the Franklin Templeton issue

Way Ahead

Connecting the dots:

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