The share of larger players increased even as the debt assets for the industry shrank by 3.6% in April.
Larger fund houses have seen an increase in their share of debt assets, with investors avoiding smaller-sized schemes amid fears of limited liquidity. This follows Franklin Templeton’s move to wind up six of its schemes.
In April, the share of the top-five players expanded by 598 basis points to 60 per cent. In the same month, Franklin Templeton Mutual Fund (MF) had announced winding up of six of its credit-oriented schemes amid heightened redemption pressures and lack of liquidity in debt markets.
The share of larger players increased, even as debt assets of the industry shrank 3.6 per cent in April. “After the Franklin Templeton episode, investor confidence has been shaken. Known brands have become more relevant to investors, as long as
First Published: Jun 17 2020 | 7:10 PM IST