Prime Investor asks investors to exit all Franklin funds
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Synopsis
“Underperformance of the equity mutual fund schemes, slide in assets under management (AUM), loss of confidence, and botched handling of events, likely flight of talent and change of sponsor are some reasons that have led to this decision,” said Prime’s co-founder Vidya Bala.
In response to an email query on the matter, a Franklin spokesperson reiterated its commitment to the Indian mutual fund industry.
Prime Investor, a Chennai-based independent research firm, has asked investors to exit from all schemes managed by Franklin Templeton Mutual Fund.
“Underperformance of the equity mutual fund schemes, slide in assets under management (AUM), loss of confidence, and botched handling of events, likely flight of talent and change of sponsor are some reasons that have led to this decision,” said Prime’s co-founder Vidya Bala.