The safety of debt funds now

In light of the closure of Franklin debt funds, we asked these three fund managers if debt funds are still safe and to enlighten us on the situation at their respective AMCs. Here's their message to investors. Rahul Goswami, CIO, Fixed Income, ICICI Prudential Mutual Fund "At ICICI Prudential Mutual Fund, safety, liquidity and returns have remained the guiding philosophy for all the fixed-income funds, with utmost importance given to delivering risk-adjusted returns to investors. We believe that the recent development of Franklin Templeton winding up six of its debt schemes is an isolated event. We are among the largest fixed-income managers in India, with total assets under management of $24 billion across various fixed income funds; of this, more than 80 per cent of exposure is in AAA rated papers. As an AMC, we have an unmatched track record

This article was originally published on June 15, 2020.