This refers to the report “Franklin Templeton puts MF industry in damage-control mode” by Jash Kripalani (April 25). This move, though prompted by the declining credit repayment climate in the country owing to the economic shutdown, has the potential to wreak havoc in the nascent mutual fund (MF) industry in India. Coming in the wake of pervasive weakness in the NBFC space, the failure of a couple of financial institutions and banks, the Franklin Templeton debt funds lockdown could soon spread among the debt schemes of other MFs creating a gridlock for the industry as well as for investors. One