Press Enter

Share with your friends and help them crack UPSC!

Or Share on

Answer

Correct Option is Mutual funds

India is going through a phase of Demographic Dividend, where the working population forms nearly 65% of total population, the venture of investments in the Bond market like Mutual Fund (MF) provides for ample opportunities of growth in India’s financial sector. However, due to the recent Franklin Templeton Crisis, the Mutual Fund industry is currently experiencing a state of flux. This incident could well trigger a systemic crisis of confidence for investors and there are concerns over its possible ripple effects on the overall financial market. Franklin Templeton Mutual Fund said on Thursday it has voluntarily decided to wind up its suite of six yield-oriented, managed credit funds, effective April 23, citing the severe market dislocation and illiquidity caused by the Covid-19 pandemic.

Get access to all of our verified questions