Page 26 - Mutual Funds

Franklin Templeton Mutual Fund voting to commence from June 9

Trustees advise unitholders to vote 'Yes' to avoid delay in wind-up process

Franklin Templeton mutual fund investors can pick Deloitte over trustees

Unit holders will vote to moneitse the scheme assets.

Franklin Templeton gave Rs 518 cr loan to YES Capital

Schemes among the six wound up by the fund house had given the loan crore against non-convertible debentures (NCDs) to the firm in March 2019, according to ED's chargesheet

Revised inter-creditor pacts may do away with need for 66% lenders' nod

Banks will be able to customise ICAs in accordance with their needs even as more financial stakeholders are on-boarded, including those with foreign currency exposures

Foreign funds flee India's bonds just when it needs them the most

The amount of sovereign securities held by global funds has slumped Rs 76,700 crore ($10 billion) from this year's peak in February

Wealth managers advise clients to invest in US-oriented offshore products

International funds delivered 6.8% returns in one year, against large drawdowns in domestic funds

Domestic mutual funds increase ownership of Nifty companies in Q4

Compared to the March quarter last year, the ownership is higher by 140 bps

Fund pick: Canara Robeco Equity Diversified Fund is a consistent performer

Large-cap focus, diversification pay off

Franklin MF sees Rs 616 cr default from Essel Infra in four schemes

Mutual fund manager appoints legal counsel, says it is considering ways to maximise recovery value

Sudden spike in bond yield amid coronavirus outbreak signals trouble

Also, watch out for a company raising money at a very high rate of interest

AIFs may gain at the expense of MFs with market poised for shift in favour

Unlike MFs, Category-I and II AIFs have a closed-ended structure and are not exposed to the risk of sudden redemptions

Aditya Birla Sun Life MF stops fresh flows in two credit-oriented schemes

Apart from fresh subscriptions, switch-in applications, fresh registration of systematic plans have also been stopped in the schemes till further notice

Franklin MF ropes in Kotak Bank to expedite wind-up of 6 schemes

The bank's debt capital markets team will work as an independent advisor.

Arbitrage schemes back on investors' radar after Franklin Templeton fiasco

The arbitrage category witnessed Rs 33,767 crore in net outflow during March

Franklin payouts may be delayed over authorisation for monetising holdings

Industry experts say in case of an unprecedented scenario of a deadlock in the voting process, the fund house would have to seek guidance from the regulator

Repayments may get delayed if unitholders don't authorise trustees: FTMF

The fund house re-iterated that the reason for winding-up the six schemes was to preserve the value for unitholders and return money at the earliest.

Mutual funds make limited borrowing from Reserve Bank's credit lines

Experts say fund houses preferred to sell bonds to banks, instead of borrowing

Morningstar revises its ratings for three debt-oriented mutual fund schemes

Research firm says important to re-visit ratings for portfolio liquidity, redemption pressures

New SIP registrations slip to 13-month low of 750,000 in April

Compared to March's tally, it was 11% less

After Franklin fiasco, unlisted debt securities come under Sebi scrutiny

Industry estimates suggest Rs 5,700 crore exposed to such papers