Debt Funds

Recently, the unheralded and largely unnoticed demise of a once-promising mutual fund made think about debt fund investing and the true nature of diversification in debt funds. This fund was the Franklin India International fund and had a negligible asset base when Franklin Templeton put it out of its misery last week. However, this was one of India's first international funds and when it was launched, it was an interesting innovation in debt investing. The fund was entirely a feeder fund for a US-based fund run by the fund company's US-based parent. That fund, in turn, is dedicated to investing in US government debt. When this fund was launche

This article was originally published on May 03, 2010.