Discover and read the best of Twitter Threads about #FranklinPaisaVapasDo

Most recents (3)

Don't fool us Kotak is not going save us from the junk bonds that #FranklinTempleton debt funds hold.
@amfiindia Managing Director @NileshShah68 also a director of KotakMF instead of fixing loosing ends downplayed the this fiasco as only 1% of industry.
#FranklinPaisaVapasDo
@NileshShah68 never came in dialog with investors impacted. Instead he tried to escape and downplay.
so we don't trust Kotak. Appoint a global player like @GoldmanSachs and also investor representation should be there in advisory
@SEBI_India please listen to our demands.
Read 3 tweets
@SEBI_India How the governance failed?Schemes of @FTIIndia invested more then 10% in a single company
How the investments survive toxic exposure to loop
Sriram<-Piramal->Essel ?
This proves vested interest of AMC and trustees
GOD Save investors
#FraklinPaisaVapasDo
@jaysh88
correction, including piramal capital & Housing Finance it is more then 25% exposure to loop
Sriram<-Piramal>Essel.

Essel defaulted. ED booked SRI RAM @SEBI_India We are very much worried your silence causing us to loose the faith on system.

@jaysh88
shorturl.at/dflpr
@SEBI_India what is happening with our money. Till we ask the details FT is not disclosing the transactions transparently. Please do a forensic audit on all transactions. Each default like Essel should be compensated by @FTI_Global
#FranklinPaisaVapasDo
@jaysh88
Read 3 tweets
Franklin has shut down 6 debt mutual fund schemes due to illiquidity in market stopping buy/sell of units in these funds. Doesn't it put q on experts who suggest to hold just 3-4 scheme in portfolio. True saying - Never keep all eggs in one basket. #mutualfunds #market #franklin
Put together, almost 26000 crore rupees of investors are stuck in these 6 schemes. These all belong to debt schemes so higher chances that most of the money stuck belongs to retail investors. (2/n)
All these 6 funds are rated with 5 stars by Morningstar rating agency. In 2008 crisis all mortgages and CDO were triple ace rated by S&P, Moody's & Fitch. History repeats itself and average customer is trapped. Sad story #MutualFundsSahiHai ? #franklintempleton #mutualfunds (3/n)
Read 28 tweets

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