THREAD 1/4
Update from @FTIIndia
- Continue to receive inflows regularly
- See marked reducaiton in borrowing levels of some funds
- Attempt continues to sell down securities before maturity date
#mutualfunds #FranklinTempleton #investing #COVID
Update from @FTIIndia
- Continue to receive inflows regularly
- See marked reducaiton in borrowing levels of some funds
- Attempt continues to sell down securities before maturity date
#mutualfunds #FranklinTempleton #investing #COVID
@FTIIndia update 2/4
- Liabilities will be discharged before returning money to investors
- Discharge of liabilities ahead of repayment to investors DOES NOT mean that returns will be diminished
- Unit holders have to authorise trustees regarding next steps
- Liabilities will be discharged before returning money to investors
- Discharge of liabilities ahead of repayment to investors DOES NOT mean that returns will be diminished
- Unit holders have to authorise trustees regarding next steps
@FTIIndia update 3/4
- Independent advisor will assist in liquidation process
- investors will receive e-notice for voting
- voting for each scheme to be held separately
- money can be returned only after voting process is complete
- winding down CANNOT be reversed
- Independent advisor will assist in liquidation process
- investors will receive e-notice for voting
- voting for each scheme to be held separately
- money can be returned only after voting process is complete
- winding down CANNOT be reversed
@FTIIndia update 4/4
They clear misconceptions about purpose of voting. Some investors believe that voting “Negative” will reverse the winding up process. This is NOT TRUE. Purpose of vote is to authorize trustees to dispose assets & distribute proceeds
They clear misconceptions about purpose of voting. Some investors believe that voting “Negative” will reverse the winding up process. This is NOT TRUE. Purpose of vote is to authorize trustees to dispose assets & distribute proceeds
