Will Government Intervention on Mutual Funds and Insolvency Proceedings Calm Nerves?
The Reserve Bank of India has intervened to prevent panic after Franklin Templeton closed six mutual fund schemes and the Finance Ministry has postponed insolvency proceedings.
The Reserve Bank of India has intervened to prevent panic after Franklin Templeton closed six mutual fund schemes and the Finance Ministry has postponed insolvency proceedings. Time will tell if these moves help small investors and reduce the distress in the economy, says Sanjay Kohli, Financial Analyst and Insolvency Professional, in an interview with Newsclick.
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