The NAV of Franklin India Dynamic Asset Allocation FOFs (fell 16.6%), Franklin India Multi-Asset Solution (fell 22.42%), Franklin India Life Stage FOFs-20 (fell 6.59%), Franklin India Life Stage FOFs-30 (13.51%), Franklin India Life Stage FOFs-40 ( fell 17.81%) and Franklin India Life Stage FOFs-50 Plus (fell 0.52%).

"We are committed to doing all we can to return monies in the schemes that are wound up at the earliest to investors, and to regain your trust in our brand," Franklin Templeton Asset Management (India) President Sanjay Sapre said in a note to investors.

The regulator has also eased compliance norms with regards to grandfathering of the existing unlisted NCDs, the Securities and Exchange Board of India (Sebi) said in a circular.

The decrease in redemptions has happened post RBI's announcement of special liquidity measure of INR 50K crores for the mutual fund Industry, said a press release issued by Association of Mutual Funds in India o Amfi.

A study of the portfolios of five out of the six debt schemes which were wound up by Franklin shows all these products had features of credit risk funds — which predominantly invest in lower-rated debt securities — but they were being sold under different labels.

The fund's global CEO had blamed regulatory changes for its decision to shut 6 schemes.

In August, due to a twitter discussion with Molly, and of course while partying on a Saturday night, Dave Gregory and I were looking at whether the Flexible box layout module (still a working draft) is getting close to ready for prime time yet. Our hope was that it will solve some of the frustrations [...]

India's sports fraternity on Sunday joined the country in showing solidarity in the fight against the rapidly-spreading coronavirus pandemic by lighting lamps and candles in response to Prime Minster Narendra Modi's call to demonstrate the nation's collective resolve. PM Modi had appealed to the people to turn off lights and instead lit diyas, candles and other forms of light for nine minutes at 9pm IST on Sunday to show the nation's collective resolve to fight coronavirus.

Vanek, who won the 2014 Triathlon World Cup, joined the emergency services last November and now works day and night, dressed in personal protective gear and mask, resuscitating people if needed and administering coronavirus tests.

Daybell said that after a difficult few months a sense of normality was returning to the COVID-19 ward in the north London hospital where he works.

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