Discover and read the best of Twitter Threads about #Winding
Most recents (2)
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
Great news for #Investors. Verdict is out in #FranklinTempleton saga:
YES for #Winding Up all 6 schemes.
Now Goal Post should change and focus on giving mandate to @FTIIndia for liquidating assets. Here is my Thread on this subject:
YES for #Winding Up all 6 schemes.
Now Goal Post should change and focus on giving mandate to @FTIIndia for liquidating assets. Here is my Thread on this subject:
Good news for #Investors of #franklintempleton :
-Total Cash Collections of all 6 schemes Rs.13789 crs +
- 5 out of 6 schemes cash positive
- only 6% of AUM left as borrowings in Income Ops
-Total Cash Collections of all 6 schemes Rs.13789 crs +
- 5 out of 6 schemes cash positive
- only 6% of AUM left as borrowings in Income Ops
All this without any active intervention/selling/monetizing.
Imagine implications to positive liquidity creation when Fund Manager is allowed to actively Liquidate/Sell securities
Imagine implications to positive liquidity creation when Fund Manager is allowed to actively Liquidate/Sell securities
