Discover and read the best of Twitter Threads about #DebtSchemes
Most recents (3)
Two major incidents in Debt Markets & learnings from that:
1. @FTIIndia saga of #Winding up 6 #DebtSchemes
2. Delay in @KotakMF #FMPs repayments to Investors & giving time to Borrowers to repay
Disclaimer: Not justifying their actions/inactions/investments etc.
1. @FTIIndia saga of #Winding up 6 #DebtSchemes
2. Delay in @KotakMF #FMPs repayments to Investors & giving time to Borrowers to repay
Disclaimer: Not justifying their actions/inactions/investments etc.
Hugely negative reactions by Media/Investors/MFDs - vociferously blaming respective AMCs, filing Court cases, knocking on doors of the regulator and beyond
Did not make an effort to understand actions of the #AMCs which were done to protect #InvestorInterests
Did not make an effort to understand actions of the #AMCs which were done to protect #InvestorInterests
What were choices with AMCs:
1. Winding up by FT/ Delay by Kotak or,
2. Sell underlying collateral at huge discounts, pay what is recovered to #Investors & raise their hands as this is part of #CreditRisk
1. Winding up by FT/ Delay by Kotak or,
2. Sell underlying collateral at huge discounts, pay what is recovered to #Investors & raise their hands as this is part of #CreditRisk
RBI has announced Rs 50000 Cr #SpecialLiquidityFacility for #mutualfunds,to ease redemption pressures
#RBI will conduct #Repo operations of 90 days tenor at fixed repo rate
This Special Facility is on-tap,open-ended&will particularly help #DebtSchemes of MFs,witnessing outflows
#RBI will conduct #Repo operations of 90 days tenor at fixed repo rate
This Special Facility is on-tap,open-ended&will particularly help #DebtSchemes of MFs,witnessing outflows
#SpecialLiquidityFacility for #mutualfunds is available from today,April 27,2020 till May 11, 2020,or up to utilization of allocated amount of Rs 50000Cr whichever is earlier
@narendramodi govt's calibrated approach to calm down frayed nerves,is timely¬eworthy
#coronavirus
@narendramodi govt's calibrated approach to calm down frayed nerves,is timely¬eworthy
#coronavirus
Funds availed under this facility shall be used by banks solely for meeting #liquidity requirements of #mutualfunds by 👇
Extending loans
Outright purchase of #Repos
Or against collateral of corporate bonds,commercial papers, debentures&certificate of deposits,held by #MFs👍
Extending loans
Outright purchase of #Repos
Or against collateral of corporate bonds,commercial papers, debentures&certificate of deposits,held by #MFs👍
#FranklinTempleton will be closing below mentioned 6 #DebtSchemes👇
Franklin India Low Duration Fund Ultra Short Bond Fund
Short Term Income Plan
Credit Risk Fund
Dynamic Accrual Fund
Income Opportunities Fund
Decision by #FT,has been taken,in the interests of its unit holders
Franklin India Low Duration Fund Ultra Short Bond Fund
Short Term Income Plan
Credit Risk Fund
Dynamic Accrual Fund
Income Opportunities Fund
Decision by #FT,has been taken,in the interests of its unit holders
Trustees of #FranklinTempleton will continue to realise or dispose-off assets of above 6 schemes
Sale proceeds after discharge of all liabilities&expenses,will be paid to unit holders,in proportion to their respective interests in assets of 6 schemes!
#COVID2019india #Covid_19
Sale proceeds after discharge of all liabilities&expenses,will be paid to unit holders,in proportion to their respective interests in assets of 6 schemes!
#COVID2019india #Covid_19
#FranklinTempleton started India operations in 1996
It acquired #PioneerAMC in 2002
It manages over $725 bn in assets globally&runs 21+ schemes in India
Closure of #DebtSchemes is a business decision by FT;Its Equity, SIPs,Hybrid&Balanced funds,will continue running
#Covid_19
It acquired #PioneerAMC in 2002
It manages over $725 bn in assets globally&runs 21+ schemes in India
Closure of #DebtSchemes is a business decision by FT;Its Equity, SIPs,Hybrid&Balanced funds,will continue running
#Covid_19
