Franklin Templeton has decided to wind up six of its mutual funds, citing ongoing market volatility and challenges in the fixed-income space. The decision affects several retail investors who had invested in the funds, which focused primarily on debt and fixed-income securities. Franklin Templeton has assured investors that the winding-up process will be handled smoothly and that any outstanding redemptions will be processed in accordance with regulatory guidelines. 

The Reserve Bank of India (RBI) launched a ₹50,000 crore special liquidity facility aimed at supporting mutual funds amid ongoing market volatility. The move is part of the RBI's efforts to stabilize financial markets and ensure that mutual funds have adequate liquidity to manage redemption pressures. This facility will help address potential liquidity gaps, especially for bond mutual funds, which have been facing strain due to market conditions.