Debt fund investors move past Franklin episode; low yields limit returns
With fixed deposit rates falling to extremely low levels, investors are parking short-term funds with mutual funds. They are of course being lured by past returns
When Franklin Templeton closed debt fund schemes in six different categories in April, it seemed like investor sentiment for some of these categories was scarred for life. But the industry has bounced back in a matter of a few months. Compared to outflows from these fund categories in April and May, there have been fairly large inflows in June and July. Indeed, the inflows in the past two months are much higher than the outflows earlier in the fiscal.
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