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Stupendous #returns in various schemes of 6 wound up schemes including flows from segregated portfolios. I do not think anyone in their wildest dreams had thought of such an outcome a year back. #XIRR is the right way to gauge returns as payments were recd in different tranches. 
Also, give credit where it is due. All this has happened only due to sale of the so called quote-unquote, #ILLIQUID, #LOWQUALITYDEBT. These were sold at huge premiums within a span of 12 months (6-8 months were wasted in court cases, voting for winding up etc).
These securities were sold seamlessly by another Fund House due to Court Order. This was possible only because underlying securities, structures, quality, etc was good to start with created by the #FundManager of @FTIIndia
Update on #FTSaga post payout of approx. Rs.3000 crs on Sep 1'2021.
#Disbursement trend:
Only 5% overall payout pending.
Soon, this saga should come to an end with very good returns to the Investors.
Many have suffered liquidity issues - in the end should heave sigh of relief
#Disbursement trend:
Only 5% overall payout pending.
Soon, this saga should come to an end with very good returns to the Investors.
Many have suffered liquidity issues - in the end should heave sigh of relief
Current outstanding in different schemes:
Performance updates of all schemes without segregated and with segregated portfolios.
Could not have imagined this outcome when schemes were wound up on April 23'2020.
Could not have imagined this outcome when schemes were wound up on April 23'2020.
#FTSaga Update:
One more tranche of 3205 crs repaid on Jun 4'21
I had written an article on 24th April 20, day after @FTIIndia winding up schemes
In the end, I had mentioned a few points on what to expect going forward. Let me take each point and see where we stand today.
One more tranche of 3205 crs repaid on Jun 4'21
I had written an article on 24th April 20, day after @FTIIndia winding up schemes
In the end, I had mentioned a few points on what to expect going forward. Let me take each point and see where we stand today.
Link of my April 2020 article for ready reference:
bit.ly/3pmMbNk
Point No 1:
This is not delay or default and no haircuts so far
FM was asking time for reversal of Risk Aversion & markets to stabilise & normalise
Proven correct
bit.ly/3pmMbNk
Point No 1:
This is not delay or default and no haircuts so far
FM was asking time for reversal of Risk Aversion & markets to stabilise & normalise
Proven correct
Point No: 2
This is to give better value to Investors at cost of delayed liquidity
Again proven correct from almost 71% collections so far at far better values than on the date of winding up
This is to give better value to Investors at cost of delayed liquidity
Again proven correct from almost 71% collections so far at far better values than on the date of winding up
#FTSaga:
Hope Investors have realised futility of legal course. They have wasted 8 months and back to square one.
Please VOTE "YES" for winding up for your own good.
Do not get misguided by wrong narratives.
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Hope Investors have realised futility of legal course. They have wasted 8 months and back to square one.
Please VOTE "YES" for winding up for your own good.
Do not get misguided by wrong narratives.
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-Voting on Dec 26 to Dec 28
-Those who do not vote can vote during AGMs on 29th
-Reserve day on Dec 30
-Court Appointed Observer to oversee Voting
-Results will be sealed in an envelope and given to Hon SC
-Results will be announced in 3rd week of Jan
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-Those who do not vote can vote during AGMs on 29th
-Reserve day on Dec 30
-Court Appointed Observer to oversee Voting
-Results will be sealed in an envelope and given to Hon SC
-Results will be announced in 3rd week of Jan
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Do not wait to vote during AGMs on 29th December as the technology and Platforms may not be able to accommodate all Investors.
These platforms will have limited capacity for number of Investors at one go
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These platforms will have limited capacity for number of Investors at one go
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