#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
#AUM of #IndianMutualFund Industry as on March31st,2020 stood at Rs 22.26 lakh Cr,up from barely 6.14 lakh Cr,in 2010
That is,an over 3½x rise in 10yrs
In Feb 2020,AUM hit a high of 28.29 lakh Cr-Indian MF industry has weathered #Covid_19 crisis much better,than global peers!
That is,an over 3½x rise in 10yrs
In Feb 2020,AUM hit a high of 28.29 lakh Cr-Indian MF industry has weathered #Covid_19 crisis much better,than global peers!
Rather alarming that a business decision by #FranklinTempletonMF to exit from 6 liquid/debt schemes, is being used by vested interests,to create undue panic--#SEBI should come down heavily on such notoriety😑
Indian #MutualFund industry is in fine fettle,despite #Covid_19 blues!
Indian #MutualFund industry is in fine fettle,despite #Covid_19 blues!
My thread on Franklin Templeton will help those who fear if their #MutualFund investment is safe,post decision to shut down 6 debt schemes of 28000Cr
#ProfessionalPessimists are in overdrive,spreading canards!A business decision by FT,can't be used to run down entire MF industry
#ProfessionalPessimists are in overdrive,spreading canards!A business decision by FT,can't be used to run down entire MF industry
