In April, Franklin Templeton India shut down six debt funds, locking in ₹30,800 crore of investor wealth after a surge in redemptions.Explaining the reason behind this, Franklin Templeton CEO Jennifer M Johnson said that this is a liquidity issue and not a solvency issue.Franklin Templeton India’s assets under management (AUM) declined by almost 43% – from $7 billion to $4 billion.Franklin Templeton India, one of the oldest asset management companies (AMC) in the country, decided to wind down six debt funds amounting to ₹30,800 crore in investor wealth. Now, in an earnings call, Franklin Templeton President and CEO Jennifer M Johnson has explained what exactly went wrong with its India business.“We're doing everything we can for those shareholders, to make sure they get all their money back.