Discover and read the best of Twitter Threads about #DebtSchemes

Most recents (2)

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
#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&noteworthy

#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👍
Read 6 tweets
#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
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
#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
Read 6 tweets

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