Franklin crisis: Hindsight is 20-20, but key manager could have done better

One industry veteran remembered how an earlier fund that Santosh Kamath managed with another fund house faced a sudden lumpy redemption. The underlying scheme had exposure to an airline, which has since run into financial trouble, but was robust at the time. But a large liquidation could cause problems, it was felt. Kamath managed the transaction without incident, though not without some anxious moments at the fund house. He may have learned from that experience. 

He told Business Standard in an earlier interaction that systems were in place to prevent lumpy investments at Franklin Templeton Asset Management (India) where he is