Franklin Templeton MF sees erosion in debt schemes, dip in asset size

Banking & PSU debt fund has seen assets declining from 1,542 crores to Rs 1,134 crore in the same time-frame

Heightened investor concerns following the wind-up of debt schemes by Franklin Templeton Mutual Fund (MF) is taking a toll on other fixed-income schemes of the fund house. Both the corporate bond fund as well as the banking and PSU debt fund, have seen one-fourth reduction in their asset size in four business days since the wind-up announcement.

According to data, assets under management for the corporate bond fund stood at Rs 1,101 crore on April 29, 2020 — 25.9 per cent lower than April 23 (Rs 1,486 crore), the day the wind-up was announced.

At the same time, the banking & PSU