A stockbroker holds a calculator as he monitors stock price information on his computer screens in London, U.K. (Photographer: Matthew Lloyd/Bloomberg)
After Franklin Templeton Asset Management (India) Pvt. Ltd.’s shock decision to freeze six schemes, investors and financial planners have flagged a spike in less-liquid bond holdings of hybrid schemes of top asset managers.In a letter to BloombergQuint last week, an investor pointed to several transfers of non-convertible debentures between schemes of ICICI Prudential Mutual Fund. According to data on the asset manager’s website, the...