It seems like a nightmare now. The storm in bond funds a few years back has shown a way to calm down. It’s been a while since the last credits event. These funds are no longer ‘side-pocketing’ – carving out bad apples from a portfolio. The bleeding in the asset base of debt funds has mostly come down. Troubled Franklin Templeton India has saved some of its reputation by paying back massive investors in its six indebted debt funds. a