With Franklin Templeton winding up six schemes, do you think one can continue to stay invested in Franklin funds or is it better to exit?
It depends. I would look at the situation of Franklin Templeton Mutual Fund as a fairly narrow case of six of its credit-oriented funds. Those six funds were quite unique in a sense that they were chasing high yields and they met with an accident that, too, in fairly bad weather. But I think Franklin Templeton has a good set of equity and debt funds. In fact, if you look at the six funds, which are now under the winding-up process, they were sizable and getting all the attention. That apart, all their other funds have a relatively long history and have remained reasonably stable. So, I do not think there is much to panic there.
Having said that, the business conditions are cloudy for Franklin Templeton, but I wonder if that will have any bearing on the general performance of all its other funds unless we have something untoward happening.