Franklin MF faces growth hurdles after winding up six debt schemes

Franklin Templeton Mutual Fund’s (MF) future growth may be derailed due to several hurdles, with investors expressing concerns over investments in various schemes of the fund house. This follows its surprise move to wind up six of its debt schemes.

According to MF advisors, the move will impact investor perception about the fund house in the short term. “This is unprecedented in the Indian MF industry and will have repercussions on the fund house, at least in the short term. Winding up the schemes has led to many investors being stuck,” said a senior executive of a leading distribution platform.