Franklin Templeton fiasco | What does it mean for investors in mutual funds? | The Hindu In Focus Podcast (Expert View)
4 years, 8 months ago

Franklin Templeton fiasco | What does it mean for investors in mutual funds? | The Hindu In Focus Podcast (Expert View)

The Hindu  

Franklin Templeton, one of India’s top 10 mutual fund houses, announced last week that it would be winding up six of its debt schemes. The development sent shockwaves through the mutual funds industry, and this week, the RBI announced a ₹50,000-crore “liquidity window” specially for mutual funds, to help them tide over redemption pressures. And what does this mean for the aam aadmi with money in other mutual funds — especially people who have invested in debt funds thinking they are “safer” like FDs? What does the future look like for people who are looking to redeem their mutual fund investments at this time of pandemic-induced emergency?

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History of this topic

Are You Selling Your Mutual Funds at the Wrong Time? Discover the Expert Strategy to Maximise Gains!
4 days, 23 hours ago

Are You Selling Your Mutual Funds at the Wrong Time? Discover the Expert Strategy to Maximise Gains!

Live Mint  

Mutual funds are fast emerging as the investment vehicle of choice for a growing segment of Indian investors. But, how do you choose the ideal time to redeem your Mutual Fund investments?In the latest episode of Mint Money Shots, presented by Invesco Mutual Fund, Deputy Editor at Mint, Neil Borate, attempted to answer this crucial question that is prime on …

Alternate investment funds: An industry at risk of death by a thousand circulars
1 week, 2 days ago

Alternate investment funds: An industry at risk of death by a thousand circulars

Live Mint  

Everybody loves a good fight; a clash of equals can be an engaging test of skills if fair play is assured. The Securities and Exchange Board of India had permitted AIFs to issue units as partly or fully paid, with RBI’s Form INVI allowing the same. Despite AIFs bringing in convertible currency funds, their $1.5 billion overseas investment allowance hasn’t …

Stock market this week: Top 5 stocks with the biggest gains and losses
2 weeks, 4 days ago

Stock market this week: Top 5 stocks with the biggest gains and losses

Live Mint  

Top News The mutual fund industry witnessed a remarkable surge in Systematic Investment Plan contributions, reaching an all-time high of ₹25,320 crore in November. Despite market fluctuations, SIPs continue to attract investors due to their affordability, compounding benefits, and ability to mitigate risks through periodic investments. Feroze Azeez, Deputy CEO, Anand Rathi Wealth Limited, offers a positive outlook for FY …

Alternative investment funds: Dispelling myths and unlocking potential
3 weeks ago

Alternative investment funds: Dispelling myths and unlocking potential

Live Mint  

Alternative Investment Funds in India have achieved a significant milestone, crossing an estimated ₹5 trillion in funds raised, with investment commitments surpassing nearly ₹12 trillion as of September. Read this | AIFs face risk of large investors moving away as Sebi tightens rules Compared to Mutual Funds with assets under management worth around ₹67 trillion, AIFs clearly have a long …

Mutual Fund Outlook 2025: Which funds and sectors appear attractive in the coming year?
4 weeks, 2 days ago

Mutual Fund Outlook 2025: Which funds and sectors appear attractive in the coming year?

Live Mint  

As we are geared to enter the year 2025, the mutual fund industry is seen promising and shows no signs of slowing down. And what we discovered is that the mutual fund categories which offer good investment prospects include multi asset funds, sectoral funds and diversified funds with higher allocation to large caps. Rishabh Goel, Managing Director, Tailwind Financial Services, …

Mutual Fund Outlook 2025: Which funds and sectors appear attractive in the coming year?
4 weeks, 2 days ago

Mutual Fund Outlook 2025: Which funds and sectors appear attractive in the coming year?

Live Mint  

As we are geared to enter the year 2025, the mutual fund industry is seen promising and shows no signs of slowing down. And what we discovered is that the mutual fund categories which offer good investment prospects include multi asset funds, sectoral funds and diversified funds with higher allocation to large caps. Rishabh Goel, Managing Director, Tailwind Financial Services, …

Mutual Fund Outlook 2025: Which funds and sectors appear attractive in the coming year?
4 weeks, 2 days ago

Mutual Fund Outlook 2025: Which funds and sectors appear attractive in the coming year?

Live Mint  

The mutual fund sector is poised for growth in 2025, with increased retail investment shifting towards equity funds. And what we discovered is that the mutual fund categories which offer good investment prospects include multi asset funds, sectoral funds and diversified funds with higher allocation to large caps. Rishabh Goel, Managing Director, Tailwind Financial Services, advocates for diversified equity funds …

Debt Mutual Funds See Investment Worth Rs 1.57 Lakh Crore In Oct, See What Happened
1 month, 4 weeks ago

Debt Mutual Funds See Investment Worth Rs 1.57 Lakh Crore In Oct, See What Happened

ABP News  

Debt-oriented mutual funds saw a robust recovery in October as inflows touched Rs 1.57 lakh crore. The positive inflow enhanced the asset base of debt mutual funds by 11 per cent to touch Rs 16.64 lakh crore in October end, in comparison to Rs 14.97 lakh crore clocked during the same period a year earlier. The data from the Association …

Weekend Wrap: From Page Industries to M&M, top market movers and news of week
2 months ago

Weekend Wrap: From Page Industries to M&M, top market movers and news of week

Live Mint  

Top News In a recent regulatory update, the Securities and Exchange Board of India introduced new measures to enhance transparency in the mutual fund industry. Beginning December 5, 2024, fund houses are required to distinctly disclose expenses and returns for both direct and regular mutual fund plans, providing investors with clearer information for decision-making. In mutual fund developments, Shriram AMC …

Magic of compounding: ₹1 lakh invested in this mutual fund at the launch would have grown to ₹70 lakh
4 months, 3 weeks ago

Magic of compounding: ₹1 lakh invested in this mutual fund at the launch would have grown to ₹70 lakh

Live Mint  

Before you decide to invest in a mutual fund scheme, it is advisable to monitor its performance over a long period of time, say since the scheme was launched. And remember when the money remains invested in a mutual fund scheme over a period of time, the returns in the later years are disproportionately higher than the ones in the …

Franklin Templeton plans first India debt fund after a $3 billion freeze
4 months, 3 weeks ago

Franklin Templeton plans first India debt fund after a $3 billion freeze

Hindustan Times  

Franklin Templeton Asset Management India Pvt. will introduce its first India debt fund after it wound up 252.15 billion rupees of such plans more than four years ago. Franklin is returning to India’s debt market with a fund offer for the first time since April 2020 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The new fund offer of Franklin India Ultra Short Duration …

The Hindu Lit Fest 2024 | ‘Mutual funds give access to equity, debt and gold through one route,’ says Monika Halan
11 months, 3 weeks ago

The Hindu Lit Fest 2024 | ‘Mutual funds give access to equity, debt and gold through one route,’ says Monika Halan

The Hindu  

Mutual funds have grown hugely popular in India in recent times, with the size of assets under the management of mutual funds crossing the ₹50 lakh crore mark at the end of 2023. Monika Halan, author of Let’s Talk Mutual Funds, talks to The Hindu about why mutual funds should be part of the Indian investor’s portfolio, the risks involved …

Debt mutual funds without indexation are still a great investment bet for medium to long duration
1 year, 9 months ago

Debt mutual funds without indexation are still a great investment bet for medium to long duration

Live Mint  

The debt mutual funds have been gaining scale in India driven by the massive increase in the volume of debt securities. Although there has been a structural alteration in investment themes, the debt MFs primarily have been investing in central government securities, corporate bonds, commercial papers, certificates of deposit, T-bills and state development loans. Having said that, the debt mutual …

Debt funds roiled, but fund houses are okay
2 years, 4 months ago

Debt funds roiled, but fund houses are okay

Live Mint  

Interest rate hikes by the Reserve Bank of India are roiling debt funds. Thus, when interest rates in the economy rise, prices of existing debt paper fall and, by extension, the net asset values of debt funds invested in them also fall. In the previous three periods, assets managed by debt funds rose, along with an increase in overall mutual …

Debt Funds Saw Big Inflows in August, But Should You Invest in Them Heavily?
2 years, 4 months ago

Debt Funds Saw Big Inflows in August, But Should You Invest in Them Heavily?

News 18  

Debt mutual funds in India saw healthy fund inflows last month, according to the data released by the Association of Mutual Funds of India. This also marks a serious turnaround from the Rs 70,213 crore worth of outflows that debt mutual funds witnessed in the second quarter of 2022. “In fact, we have ‘Moderate return expectations in debt funds’ Viral …

How regulations have failed our fixed-income securities market
3 years, 3 months ago

How regulations have failed our fixed-income securities market

Live Mint  

The March 2020 redemption debacle will always be remembered as a moment of reckoning for India’s fixed- income mutual fund industry. Amid the denigration inflicted upon the industry, perhaps the greatest error of judgement pertained to the convenient omission of the fact that India lacks a credible secondary market for corporate debt securities. This means that the risk of holding …

Franklin Templeton Case: Decision To Wind Up Was A Camouflage By Trustees Using COVID-19 As An Excuse: Unit Holder Submits Before Supreme Court
3 years, 10 months ago

Franklin Templeton Case: Decision To Wind Up Was A Camouflage By Trustees Using COVID-19 As An Excuse: Unit Holder Submits Before Supreme Court

Live Law  

"The winding up of Franklin Templeton which was a camouflage by the trustees using Covid as an excuse." Franklin Templeton India's President sent a mail to SEBI on subject of Liquidity Management suggestions in wake of Covid and suggested measures to assuage investor fears and improve liquidity of mutual funds. A proposal was sent by Franklin Templeton to SEBI to …

Supreme Court Directs Distribution Of 9122 Crores To Unit Holders Under Franklin Templeton's Six Mutual Fund Schemes
3 years, 11 months ago

Supreme Court Directs Distribution Of 9122 Crores To Unit Holders Under Franklin Templeton's Six Mutual Fund Schemes

Live Law  

The Supreme Court has on Tuesday directed that amount of 9122 crores that is cash ready with Franklin Templeton as on 15th January 2021 be distributed amongst the unit holders under the six mutual fund schemes. If Franklin Templeton can give a commitment that principal of unit holder is safe and it will honour its commitment no unit holder will …

Franklin Templeton to seek unitholders’ vote for winding up schemes. What it means for investors?
4 years, 1 month ago

Franklin Templeton to seek unitholders’ vote for winding up schemes. What it means for investors?

Live Mint  

The Supreme Court on December 3, 2020 issued an interim order allowing the Trustee of Franklin Templeton to seek consent of the unitholders for the winding up of the six schemes. The fund house will now be proceeding with next steps to seek unitholder consent for the winding up of the six schemes. The objective of the voting exercise is …

Franklin Templeton MF's six shut schemes garner Rs 941 crore in fortnight
4 years, 1 month ago

Franklin Templeton MF's six shut schemes garner Rs 941 crore in fortnight

India TV News  

Franklin Templeton Mutual Fund on Wednesday said its six shut schemes have received Rs 941 crore from maturities, pre-payments and coupon payments in a fortnight. Individually, Franklin India Ultra Short Bond Fund, Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund and Franklin India Credit Risk Fund have 43 per cent, 27 per cent, 26 per cent and 8 …

Franklin Templeton MF’s six shut schemes garner ₹941 cr in fortnight
4 years, 1 month ago

Franklin Templeton MF’s six shut schemes garner ₹941 cr in fortnight

Live Mint  

Franklin Templeton Mutual Fund on Wednesday said its six shut schemes have received ₹941 crore from maturities, pre-payments and coupon payments in a fortnight. Franklin Templeton MF shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market. The six schemes received ₹941 crore from maturities, pre-payments and coupon payments during …

CFMA Says Mulling Class-action Suit Against Franklin Templeton
4 years, 3 months ago

CFMA Says Mulling Class-action Suit Against Franklin Templeton

News 18  

Amid an outcry over losses suffered due to closure of certain schemes by Franklin Templeton Mutual Fund, investors group CFMA has said it is contemplating filing a class-action suit against the global fund house for recovery of money and to claim damages. It further said in the statement that the EOW has registered a first information report against the beleaguered …

Mutual fund redemption pressure continued in August
4 years, 4 months ago

Mutual fund redemption pressure continued in August

Deccan Chronicle  

Mumbai: Retail investors in mutual funds continued to book profits in equity-linked funds in August just as they did in July. Equity mutual funds saw almost daily redemptions in August barring a few days of net buying as per monthly data now available with the Securities and Exchange Board of India. As per data released by custodians to Sebi, August …

Franklin Templeton MF's closed schemes receive Rs 1,498 crore in two weeks
4 years, 4 months ago

Franklin Templeton MF's closed schemes receive Rs 1,498 crore in two weeks

India TV News  

Franklin Templeton Mutual Fund on Thursday said its six shut schemes have received about Rs 1,498 crore from maturities, pre-payments and coupon payments in the second half of August. These include Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin …

Gilt, dynamic bond debt mutual funds NAVs rise up to 2% in a day
4 years, 4 months ago

Gilt, dynamic bond debt mutual funds NAVs rise up to 2% in a day

Live Mint  

Debt mutual fund investors cheer as their schemes' NAVs rose by upto 2% in a single day on September 1. Debt mutual funds saw a spike in their one day NAV as the yield on the government 10-year bonds fell over 17 basis points on Tuesday. Dynamic bond funds, gilt funds and long term bond funds benefited the most due …

Franklin Templeton MF's Shut Schemes Receive Rs 5,000 Crore Since Closure
4 years, 4 months ago

Franklin Templeton MF's Shut Schemes Receive Rs 5,000 Crore Since Closure

News 18  

Franklin Templeton Mutual Fund's six shut schemes have received about Rs 5,000 crore from maturities, pre-payments and coupon payments since the announcement of their closure in April. These include Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income …

Vodafone Idea makes payments of ₹2,850 crore to mutual funds and banks
4 years, 6 months ago

Vodafone Idea makes payments of ₹2,850 crore to mutual funds and banks

Live Mint  

Mutual fund schemes, which had segregated their Vodafone Idea Ltd exposure in side pockets, on Friday breathed a sigh of relief as they received both principal and interest payments from the debt ridden telecom firm. While the side pockets of Franklin Templeton India schemes have received ₹1252 crore, UTI Mutual Fund has received ₹166 crore and Nippon India Mutual Fund …

Mutual Funds invest Rs 1,230 crore in equities in lockdown; keeping high liquidity for possible redemptions
4 years, 7 months ago

Mutual Funds invest Rs 1,230 crore in equities in lockdown; keeping high liquidity for possible redemptions

India TV News  

Mutual funds have invested just Rs 1,230 crore in stock markets during the lockdown and industry experts believe they are still waiting for a good "entry point" and maintaining high liquidity for any possible redemptions by corporate houses. Overall, mutual funds have made a net investment of Rs 1,230 crore in stocks since the nationwide lockdown was announced on March …

Franklin Templeton appoints Kotak Mahindra Bank to assist in monetising assets of 6 wind-up schemes
4 years, 7 months ago

Franklin Templeton appoints Kotak Mahindra Bank to assist in monetising assets of 6 wind-up schemes

Firstpost  

Franklin Templeton Trustee Services has appointed Kotak Mahindra Bank to work together with Franklin Templeton Asset Management to assist the trustees in monetising portfolios of the six schemes that are being wound up New Delhi: Franklin Templeton Trustee Services has appointed Kotak Mahindra Bank to work together with Franklin Templeton Asset Management to assist the trustees in monetising portfolios of …

Franklin Templeton mutual fund may take over five years to return some fund
4 years, 7 months ago

Franklin Templeton mutual fund may take over five years to return some fund

Live Mint  

Investors in some of the credit funds run by Franklin Templeton’s India unit may have to wait over five years to fully recoup their money, the asset manager said in an email to investors. The development is the latest turn after the company shut six debt schemes last month in the country’s biggest-ever fund freeze, which triggered shock waves in …

Mutual fund investors keep faith in SIPs despite market volatility
4 years, 8 months ago

Mutual fund investors keep faith in SIPs despite market volatility

Live Mint  

Inflows into equity mutual funds dropped to a four-month low of ₹6,108 crore in April amid uncertainty triggered by the COVID-19 crisis, Press Trust of India reported. Overall, the mutual fund industry witnessed a net inflow of ₹45,999 crore across all segments last month, data by the Association of Mutual Funds in India showed on Friday. The assets under management …

Investors rush to exit risk funds
4 years, 8 months ago

Investors rush to exit risk funds

Live Mint  

Investors in credit risk funds ran for exits, redeeming units worth ₹19,238.98 crore in April, after six of Franklin Templeton India’s funds in the category collapsed. Graphic: Sarvesh Kumar Sharma/Mint Debt funds, which saw an outflow of ₹1.94 trillion in March, received overall inflows of ₹43,431.55 crore, primarily into liquid schemes, corporate bond funds, banking and PSU funds, overnight funds …

Mutual funds forced to sell less liquid corporate bonds at high spreads
4 years, 8 months ago

Mutual funds forced to sell less liquid corporate bonds at high spreads

Live Mint  

Indian money managers are dumping corporate bonds as they struggle to meet redemptions after the biggest-ever forced closure of funds in the country last month. The Reserve Bank of India took steps to inject more liquidity into the fund industry through bank loans after Franklin Templeton shocked markets by shutting six debt funds last month. “It is better to cut …

Why has the Reserve Bank of India opened a liquidity window for mutual funds?
4 years, 8 months ago

Why has the Reserve Bank of India opened a liquidity window for mutual funds?

The Hindu  

The story so far: In view of the possible redemption pressure that the mutual fund industry may face after the abrupt winding up of six debt schemes of Franklin Templeton Mutual Fund, the Reserve Bank of India on Monday announced a special liquidity window of ₹50,000 crore for mutual funds. The trigger for the liquidity window was Franklin Templeton Mutual …

RBI extends regulatory benefits under special liquidity facility for mutual funds to all banks
4 years, 8 months ago

RBI extends regulatory benefits under special liquidity facility for mutual funds to all banks

Firstpost  

The Reserve Bank of India on Thursday extended regulatory benefits to all banks including those deploying their own resources to extend liquidity support to the mutual funds under the Special Liquidity Facility for Mutual Funds scheme Mumbai: The Reserve Bank of India on Thursday extended regulatory benefits to all banks including those deploying their own resources to extend liquidity support …

RBI's liquidity support for MFs may struggle to be effective; Fitch says success will depend on banks' appetite to take up risks
4 years, 8 months ago

RBI's liquidity support for MFs may struggle to be effective; Fitch says success will depend on banks' appetite to take up risks

Firstpost  

The Reserve Bank of India’s liquidity support for mutual funds may struggle to be effective, as its success will hang on banks’ appetite to take up the risks involved, amid low capital headroom and a likely increase in fresh non-performing loans, according to Fitch New Delhi: The Reserve Bank of India’s liquidity support measures for mutual funds may struggle to …

Debt funds less exposed to risky issuers after IL&FS fiasco: Morgan Stanley
4 years, 8 months ago

Debt funds less exposed to risky issuers after IL&FS fiasco: Morgan Stanley

The Hindu  

The recent events at Franklin Templeton Mutual Fund may have increased the risk of redemptions in debt funds, but a gradual reduction in exposure towards riskier issuers in the last year and a half could limit any further downside risks. According to Morgan Stanley, mutual funds have gradually moved towards better assets after the IL&FS crisis came to the fore …

Signalling support: The Hindu Editorial on RBI relief for mutual funds
4 years, 8 months ago

Signalling support: The Hindu Editorial on RBI relief for mutual funds

The Hindu  

The Reserve Bank of India’s decision to open a special facility to ensure the availability of adequate liquidity for the mutual fund industry is a timely move in signalling to investors that the central bank is alert to the need to preserve financial stability in these challenging times. In assigning ₹50,000 crore exclusively for commercial banks to lend to mutual …

RBI MF liquidity window to improve investor confidence, calm down corporate debt market: Experts
4 years, 8 months ago

RBI MF liquidity window to improve investor confidence, calm down corporate debt market: Experts

Firstpost  

Experts on Monday termed the RBI’s move to open a special liquidity facility of Rs 50,000 crore for the mutual fund sector as “brilliant”, saying it will improve investor confidence and reduce stress in the corporate debt market New Delhi: Experts on Monday termed the RBI’s move to open a special liquidity facility of Rs 50,000 crore for the mutual …

Franklin Templeton MF committed to return investors money at earliest, says company president Sanjay Sapre
4 years, 8 months ago

Franklin Templeton MF committed to return investors money at earliest, says company president Sanjay Sapre

Firstpost  

Franklin Templeton Mutual Fund, which closed six of its debt funds citing redemption pressures and lack of liquidity in the bond markets, on Monday said it is committed to return investor money at the earliest New Delhi: Franklin Templeton Mutual Fund, which closed six of its debt funds citing redemption pressures and lack of liquidity in the bond markets, on …

P Chidambaram welcomes RBI's Rs 50,000-cr special liquidity facility for mutual funds
4 years, 8 months ago

P Chidambaram welcomes RBI's Rs 50,000-cr special liquidity facility for mutual funds

Firstpost  

Former Finance Minister P Chidambaram on Monday lauded the RBI’s prompt action in announcing a Rs 50,000 crore special liquidity facility for mutual funds New Delhi: Former Finance Minister P Chidambaram on Monday lauded the RBI’s prompt action in announcing a Rs 50,000 crore special liquidity facility for mutual funds. The Reserve Bank of India on Monday announced a Rs …

Coronavirus: What mutual fund investors should know amid rising credit risks
4 years, 8 months ago

Coronavirus: What mutual fund investors should know amid rising credit risks

India Today  

Investing in capital markets has become a challenge for most investors in the wake of the novel coronavirus outbreak. The recent closure of six debt mutual funds by global giant Franklin Templeton is a stark example of how Covid-19 has worsened India’s credit situation, with liquidity becoming a major issue at Non-banking financial companies, who offer many mutual fund schemes. …

Why Franklin closed 6 funds
4 years, 8 months ago

Why Franklin closed 6 funds

The Hindu  

What has Franklin Templeton Mutual Fund done? Franklin Templeton Mutual Fund has decided to wind up six debt funds with combined assets under management of almost ₹26,000 crore. The schemes that have been shut are Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short …

Franklin Templeton says discussed decision to shut 6 MF schemes with SEBI; regulator saw 'reason' in move
4 years, 8 months ago

Franklin Templeton says discussed decision to shut 6 MF schemes with SEBI; regulator saw 'reason' in move

Firstpost  

Franklin Templeton says investors will have to wait for a few months to get their money Mumbai: A day after its shocking decision to close six debt schemes, Franklin Templeton Mutual Fund on Friday said it had engaged with SEBI on the decision and the capital markets regulator saw “reason” in its move aimed at protecting value for investors. The …

Franklin Templeton MF shuts six schemes: 'Do not get side-tracked by isolated event, focus on investment goals', says AMFI to investors
4 years, 8 months ago

Franklin Templeton MF shuts six schemes: 'Do not get side-tracked by isolated event, focus on investment goals', says AMFI to investors

Firstpost  

The statement by the industry body came after Franklin Templeton Mutual Fund voluntarily decided to wind up its six debt schemes citing redemption pressure and lack of liquidity in bond markets due to coronavirus pandemic. New Delhi: Industry body AMFI on Friday assured investors that majority of fixed income mutual funds assets are invested in superior credit quality securities and …

Franklin Templeton debt schemes: All you should know about the crisis
4 years, 8 months ago

Franklin Templeton debt schemes: All you should know about the crisis

India TV News  

In an unprecedented decision, Franklin Templeton Mutual Fund on Thursday decided to shut six of its open-ended debt schemes oriented towards high-yield investments citing continued redemption pressure and lack of liquidity in the debt markets amid the lockdown and the coronavirus pandemic. These six schemes are: Franklin Templeton debt schemes shut: All investors need to know As the Franklin Templeton …

Franklin Templeton to close six India funds; first instance of fund house shutting schemes due to coronavirus triggered crisis
4 years, 8 months ago

Franklin Templeton to close six India funds; first instance of fund house shutting schemes due to coronavirus triggered crisis

Firstpost  

“The decision has been taken in order to protect value for investors via a managed sale of the portfolio,” the Franklin Templeton Mutual Fund said in a statement. In an unprecedented move, Franklin Templeton Mutual Fund has voluntarily decided to wind up its six debt schemes citing redemption pressure and lack of liquidity in bond markets due to coronavirus pandemic, …

Franklin Templeton MF winds up six credit funds due to covid-19
4 years, 8 months ago

Franklin Templeton MF winds up six credit funds due to covid-19

The Hindu  

Franklin Templeton Mutual Fund has decided to wind up six credit funds on account of the liquidity crisis following the coronavirus pandemic. "In light of the severe market dislocation and illiquidity caused by the COVID-19 pandemic, this decision has been taken in order to protect value for investors via a managed sale of the portfolio," said a statement from Franklin …

Sebi issues new guidelines for Mutual Funds; asks to adopt waterfall approach for money mkt, debt securities
5 years, 3 months ago

Sebi issues new guidelines for Mutual Funds; asks to adopt waterfall approach for money mkt, debt securities

India TV News  

In order to bring uniformity and consistency in valuation, market regulator Sebi has asked mutual fund houses to follow "waterfall" approach for the valuation of money market and debt securities. In a circular issued on Tuesday, Securities and Exchange Board of India said, "for arriving at security-level pricing, a waterfall approach shall be followed for the valuation of money market …

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