Time & again most #MFDs & FT itself letting Actual Investors of these 6 schemes know that even in times of #COVID they have accumulated more than ₹11000 crores without #monetization but still few people are having unnecessary doubts. (2)
I personally believe that if #History will be written, the #historians will focus on the solution not on the problem.

Saying Yes, to both Winding Up Consent & Active #Monetization is only & solely in the best possible move for #investors. (3)
#Money hasn't been #invested with wrong intent by FT.

Case of FT has shown what is #LiquidityRisk, they tried to avoid but to no avail & were about to monetize after seeking consent of all unitholders but some handful of investors went to courts & whole process got delayed. (4)
Ironically, the same has worked in best #interest of #investors.

Even if people have doubts on #FranklinTempleton, 1 can do nothing about it. Remember, actions speak louder than words. One must see the actions taken by FT, not to go by rumours & hearsay. #MutualFundSahiHai (5/5)
Voting 'YES' To Winding Up of 6 Schemes of #FranklinTempleton is the first step to be taken by the #investors.

They have accumulated INR 11000 crores out of INR 28000 crores, that is blocked. @livemint @CNBC_Awaaz @NDTVProfit @BloombergQuint Image
If #FranklinTempleton #investors still have second thoughts on Voting YES or NO!

If some XYZ Group of Individuals or Some Individuals who have won some awards are confusing you or saying to say 'NO' then feel free to connect with us for clarity. #MutualFundsSahiHai
#mutualfunds
We still see that few #investors are still in dilemma or are being misinformed by some specific individuals or a group of individuals to Vote for a 'YES' or 'NO' in lieu of #franklintempleton winding up of 6 schemes. #mutualfunds

By far ₹11907 crs have been received till date
We are sure that once active monetization of these 6 schemes under winding up of #franklintempleton starts things will be much better.

Seems that this delayed recovery in actual is working in the #interest of #investors, which few still won't accept. #mutualfunds @bsindia
We reiterate that voting 'YES' is in the #Interest of #Investors & voting 'NO' is going to harm #Investors #interest.

Do You Being An #Investor Still Need Further Clarity Feel Free To Connect With Us, Non-Investors Kindly Excuse!
#franklintempleton #mutualfundssahihai @livemint
Would like to demystify 2 things:

1) Comparing of #franklintempleton winding up of 6 schemes with a scam is altogether wrong

2) Voting 'YES' for winding up will assist the very AMC to get away of any sort of wrongdoing, 'IF ANY' - "NO IT WON'T"

'Remember, Matter Is Sub Judice'
The 6 schemes of #franklintempleton
received total cash flows of ₹13,120 crs as of Dec 31, 2020 from maturities, pre-payments & coupon payments since April 24, 2020. Over the latest fortnight (December 16-31) these schemes received ₹1,213 crs. #mutualfunds #MutualFundsSahiHai
Franklin India Short Term Income Plan is the latest scheme to turn cash positive. The cash available for the 5 cash positive schemes stands at ₹8,527 crs as on today, which will surely improve with each passing day. #FranklinTempleton actions are speaking for itself.
#FranklinTempleton 5 Schemes AUM in cash as on today:

Franklin India Low Duration Fund: 52%
Franklin India Ultra Short Bond Fund: 49%
Franklin India Dynamic Accrual Fund: 41%
Franklin India Credit Risk Fund: 23% Franklin India Short Term Income Plan: 8%
@bsindia @livemint
#Investors Update:

Borrowing levels in Franklin India Income Opportunities Fund continue to come down steadily & currently stands at 6% of its AUM.

Naysayers must accept the facts; not assumptions. @bsindia @livemint @DainikBhaskar @EconomicTimes @CNBC_Awaaz @financialexpres
6 #FranklinTempleton schemes have received total cash flows of ₹13,789 crs as of Jan 15, 2021 from maturities, pre-payments & coupon payments since Apr 24, 2020. 

Over the latest fortnight (Jan 1 - 15 ), these schemes received ₹669 crs, of which ₹617 crs was as pre-payments.
The cash available as of Jan 15, 2021 stands at ₹9,190 crs for the 5 cash positive schemes of #franklintempleton under winding up. #mutualfunds #mutualfundssahihai
Individually, Franklin India Low Duration Fund, Franklin India Ultra Short Bond Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund & Franklin India Short Term Income Plan have 63%, 50%, 41%, 26% & 9% of their respective AUM in cash. #mutualfunds
#Investors Update:

Borrowing levels in Franklin India Income Opportunities Fund continue to come down steadily & currently stands at 6% of AUM

#mutualfunds #mutualfundssahihai #franklintempleton #debtfunds @bsindia @OutlookMoney @livemint @cafemutual @financialexpres @ETNOWlive
#Investors update:

The 6 schemes of #franklintempleton have received total cash flows of ₹14,391 crs till Jan 29, 2021 from maturities, coupons & prepayments. #mutualfunds #MutualFundsSahiHai @bsindia @livemint @OutlookMoney @EconomicTimes @businessline @FinancialXpress
Total number of cash positive schemes stands at 5. These schemes have ₹9,770 crs cash available to return to unitholders, subject to fund running expenses. Balance ₹4,621 crs has been used to repay borrowings & interest thereon of the 6 schemes within the ambit of regulations.
From Jan 16 - 29, these schemes received ₹602 crs, of which ₹350 crs was as pre-payments. All naysayers should think logically, as they are causing more pain to #investors of these 6 schemes of @FTIIndia, but will they? Certainly Not As These So Called Groups Have invested ₹0!
Individually, Franklin India Low Duration Fund, Franklin India Ultra Short Bond Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund & Franklin India Short Term Income Plan have 65%, 53%, 41%, 27% & 11% of their respective AUM in cash. #mutualfunds #debtfund
Last but not least, Borrowing levels in Franklin India Income Opportunities Fund continue to come down steadily & currently stands at 5% of AUM. @cafemutual @ET_Wealth @ETNOWlive @EconomicTimes @bsindia @businessline @BloombergQuint @livemint @OutlookMoney #MutualFundsSahiHai
Naysayers are making totally baseless arguments, as they are smelling a SCAM, the definition of the SCAM is altogether different but there are certain vested interest individuals or groups who only see SCAM. They have ZERO evidence & trying to prove there bunch of lies.
"Empty vessels make the most noise."

Seems the case here for all the naysayers. But, they will keep on doing their mischievous, malicious, defamatory, vindictive acts until someone give them the taste of own medicine.

Hope these naysayers better understand this & stop the act.
In the best interest of #investors, the Hon’ble #SupremeCourt has directed distribution of INR 9,122 crs (distributable surplus as of 15 Jan 2021) to respective unitholders in proportion to their holdings in the schemes under winding up, subject to fund running expenses. (1/3)
To preserve value for #investors, as evidenced by generation of cash in these schemes over the last 9 months @FTIIndia had to take up the tough call to wind up these 6 schemes. (2/3) @bsindia @businessline @FinancialXpress @CNBCTV18Live @moneycontrolcom @livemint @DainikBhaskar
This distribution of monies will provide #investors with much needed liquidity & now @FTIIndia will be working with the regulator @SEBI_India & @SBIMF to distribute the cash within the period stipulated by the Court i.e. 20 days from the date of order. (3/3) #mutualfunds
We at #MasterMindFinnAsset firmly believe that #franklintempleton #investors of these 6 #MutualFund schemes will get the remaining proceeds without any haircut as is still being projected by the naysayers.

We are highly thankful to Hon'ble #SupremeCourt for the final order.
Please find below the process of distribution of monies for the five cash positive #mutualfund schemes under
winding up of #FranklinTempleton as notified.. (1/n)
Payment will be made by extinguishing proportionate units at the prevailing NAV on the date of processing to all investors whose accounts are KYC compliant with all details available will be made during the week of February 15, 2021. (2/n)
Please note that the distribution for unitholders, whose PAN/KYC, FATCA/UBO, Minor through guardian or Transmission details / documentation are not available/invalid, will be made after completion of the regulatory/
compliance requirements. (3/n)
Payment will be made by @SBIMF from bank accounts (1 per scheme) opened by them for this purpose & will be made electronically to all eligible customers. In case your bank account is not eligible for an electronic payment, a DD will be issued & sent to registered address. (4/n)
#Investors will receive an account statement from @FTIIndia showing the details of units extinguished and payment made. #CapitalGains statements will also be made available. (5/n)
#FranklinTempleton will be responsible for deduction of TDS & issue of TDS certificates for NRI #investors. They will assist with query resolution, unclaimed payments or any other payment issues. (6/n)
@SBIMF is the authorized liquidator of @FTIIndia 6 schemes under winding-up. No separate E-Voting & further process will be duly notified to #investors.(1/n)
@SumairaAbidi @MitaliLive @NuraRadha @thesuniljain @latha_venkatesh @_soniashenoy @ShereenBhan @_nirajshah @nikunjdalmia
#Investors interest has been given priority not the agenda that naysayers were propagating. We are highly thankful to #SupremeCourt for this big relief.

We are sure that @SBIMF in unison with @FTIIndia will ensure that each & every #investor get with interest principal. (2/n)
The judgement clarifies lot many aspects but we at #MasterMindFinnAsset are confined to the interest of the #investors. The process of payment may come in tranches or as per the final decision taken by both @SBIMF & @FTIIndia as per best of their abilities. (3/n)
To preserve the value @FTIIndia will leave no stone unturned as they committed from day one that #investors interest is prime for us & we will do the needful whosoever may get the authority be it us or any other entity. (4/n) #FranklinTempleton #MutualFunds #MutualFundsSahiHai
Below is 1st page of our #Tax Reckoner for #MutualFund #investors which will also be helpful to unitholders in the 6 schemes under winding-up of #FranklinTempleton.

If one requires complete #TaxReckoner simply DM us your #Whatsapp Number.
#MutualFundsSahiHai #SaarthiZarooriHai Image
Flow of Funds from FT to SBI Funds Mgmt. & then SBI Funds Mgmt. to #Investors. So, refund process is initiated by SBI Funds Mgmt. As per info the banker of SBI Funds Mgmt. from which transfers are being made is SBI. Credit of funds timing will vary from bank to bank.
6 schemes of @FTIIndia have received total cash flows of ₹14,573 crs till Feb 15, 2021 from maturities, coupons & prepayments.

Over the latest fortnight ended February 15, 2021, the 6 schemes received ₹183 crs.
#FranklinTempleton @bsindia
@businessline @SumairaAbidi @livemint Image
The NAVs of all the six schemes of @FTIIndia were higher as on February 16, 2021 vis-à-vis their respective NAVs on April 23, 2020, the date on which the winding up decision was taken. #FranklinTempleton @SumairaAbidi #MutualFunds #MutualFundsSahiHai #Investors #Investment Image
Remember, #MutualFunds are subject to Market Risks. Read all scheme related documents carefully.

Risks are part of life & #investments. In order to understand #investors risk profile & product suitability check, a professional is must. As #SaarthiZarooriHai & #PlanZarooriHai..
There are voices of making the forensic report public & of insider trading. We believe that the learned bench of #SupremeCourt will decide the course of action, not some media houses. Those alleging of Insider Trading - What is their Source of information? #FranklinTempleton
More questions to those alleging of Insider Trading: Have they examined the Forensic Report? We noticed a tweet from someone - Which no where mentions the source of info! People can allege anything even in matters that are subjudice is a strange phenomenon! #FranklinTempleton
6 schemes have received total cash flows of INR 15,048 crs till Feb 26, 2021 from maturities, coupons & prepayments.

Over the latest fortnight ended Feb 26, 2021, the 6 schemes received cash flows of INR 475 crs. #FranklinTempleton #MutualFunds #MutualFundsSahiHai #investors Image
Cash available for distribution in 5 cash positive schemes stands at INR 1180 crs as on Feb 26, 2021.

NAVs of all the 6 schemes were higher as on Feb 26, 2021 vis-à-vis their respective NAVs on Apr 23, 2020, the date on which the winding up decision was taken. #FranklinTempleton Image
#Investors should focus upon the way @FTIIndia is trying its level best to accumulate the monies. Key to its timely distribution depends upon #SBIFundsManagement / @SBIMF, even for the cases where Cheques/ Drafts are supposed to be sent, in the best interest of every #Investor.
No #investor should fall in the trap of naysayers as far as #MutualFunds are concerned as #MutualFundsSahiHai. For any wrong doing @SEBI_India is always there. Doubting the very integrity of the regulator is a thought process of wrong mindframe. @amfiindia @MFSahiHai #investors
No one should forget that, #MutualFunds are subject to market risks. Read all scheme related documents carefully. For a better understanding #MutualFundDistributors are always there. #SaarthiZarooriHai #PlanZarooriHai #MutualFundsSahiHai #Investment #wealth #investments #money
Unable to understand that few people including some media people are requesting Hon'ble #SupremeCourt for the forensic report. The point is that this matter should be raised in Court in the front of judges by the Lawyers, not on twitter by individuals or group of individuals.
Earlier, these very people claimed of Insider trading on the basis of one individuals tweet which is being quoted in tweets & articles. But what is his source of information, he has not revealed? When you have info, What stops you from sharing the source? #FranklinTempleton
On 9th Mar, we had stated that SOP is expected to be filed by the end of this week by @SBIMF / #SBIFundsManagement in #SupremeCourt & the same has been communicated to the impacted #investors by @FTIIndia today via email.
Active monetization is expected to begin shortly & we are highly hopeful that with the support of @FTIIndia; @SBIMF / #SBIFundsManagement will distribute the monies within a time frame of 3 to 12 months. #mutualfunds #MutualFundsSahiHai #franklintempleton
The NAV of all 6 schemes today are higher than those values when the trustee determined to wind up the schemes back in April of 2020. #Investors can go through the image for the same. Image
@FTIIndia has clarified on recent unsubstantiated reports by a selected few individuals or group of individuals in the letter annexed. ImageImage
The 6 schemes of #FranklinTempleton have received total cash flows of ₹15,272 crs till March 15, 2021 from maturities, coupons and prepayments.

Over the latest fortnight ended March 15, 2021, the 6 schemes received cash flows of ₹224 crs. Image
Cash available for distribution in the five cash positive schemes stands at ₹1,370 crs as on March 15, 2021

Borrowing levels in Franklin India Income Opportunities Fund continue to come down steadily and currently stands at less than 1% of AUM (approx. ₹10 crs) #investors
The NAVs of all the six schemes of @FTIIndia were higher as on March 15, 2021 vis-à-vis their respective NAVs on April 23, 2020, the date on which the winding up decision was taken. #franklintempleton #mutualfunds #MutualFundsSahiHai #PlanZarooriHai Image
Franklin India Income Opportunities Fund has turned cash positive after repaying all its outstanding borrowings. Thus, all 6 schemes under winding up are now cash positive. #FranklinTempleton
The 6 schemes of @FTIIndia have received total cash flows of ₹15,776 crs till Mar 31, 2021 from maturities, coupons, sale & prepayments since winding up. #FranklinTempleton #MutualFunds #MutualFundsSahiHai
Cash available for distribution in all schemes now stands at ₹1,874 crs as on Mar 31, 2021 post distribution of ₹9,122 crs in Feb 2021. #franklintempleton #mutualfunds #MutualFundsSahiHai @livemint @OutlookMoney @CNBC_Awaaz @CNBCTV18Live @ETNOWlive @ETMutualFunds @bsindia Image
Over the latest fortnight ended Mar 31, 2021, the 6 schemes received cash flows of ₹505 crs.

NAVs of all the six schemes were higher as on Mar 31, 2021 vis-à-vis their respective NAVs on Apr 23, 2020, the date on which the winding up decision was taken. #franklintempleton Image
@FTIIndia primary focus over the last several months has been & remains, on returning money to unit holders as quickly as possible.

Media houses & impacted #investors must focus on facts, not rumours.

If there is any wrongdoing in reality then @SEBI_India will handle.
Update for the #investors in @FTIIndia that @SBIMF would be distributing next tranche of INR 2,962 crs to unitholders across all 6 schemes. Payment to all #investors whose accounts are KYC compliant with all details available will be made during the week of 12 April 2021. (1/n)
Amount to be paid to unitholders will be calculated as per the below table & will be paid by extinguishing proportionate units at the NAV dated 9 Apr, 2021. #franklintempleton #MutualFundsSahiHai (2/n) Image
Accordingly, the units held by you being an #investor in the #MutualFund scheme will reduce to that extent. Post this above stated payout, the 6 schemes would have paid the above mentioned percentages (column D) of their AUM as on April 23, 2020. (3/n) #FranklinTempleton
Amount payable to unitholders of the respective schemes will be in the same proportion (as per column C in the above table) of the unitholder’s portfolio value, prior to extinguishment, as of
9 April 2021. (4/n) #franklintempleton #Investment
The same proportion (column C) of units will also be extinguished as per the scheme wise plan level NAV as on 9 April 2021. The plan level NAVs for the six schemes are tabulated in the image below. (5/n) #franklintempleton #MutualFund #MutualFunds Image
6 schemes of @FTIIndia have received total cash flows of ₹17,312 crs till April 15, 2021 from maturities, coupons, sale & prepayments since winding up.

Cash available for distribution in the 6 schemes stands at ₹447 crs as on Apr 15, 2021 post the payout of the second tranche. Image
Total disbursement to unitholders across 6 schemes now stands at ₹12,084 crs post the pay-out of the second tranche of ₹2,962 crs to unitholders in the week of April 12, 2021. (except cases requiring remediation or incomplete documentation). #FranklinTempleton #MutualFunds
Over the latest fortnight ended Apr 15, 2021, the 6 schemes received cash flows of ₹1,536 crs.

NAVs of all the 6 schemes were higher as on Apr 15, 2021 vis-à-vis their respective NAVs on Apr 23, 2020, the date on which the winding up decision was taken. #franklintempleton Image

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More from @vaid_varun

25 Nov
A #finance professional must sell products which have strong foundation not because of high returns. Though on high return & risk basis #crypto can be considered may be 2% to 5% money of #portfolio which one is fine to take the chance or gamble. (1/n) #cryptocurrency #CryptoNews
#Crypto is, was & will always be 'A Zero Foundation Product'

One should not speak or #invest blindly in crypto already 3 crypto scams have happened, wherein people lost 'Real #Money' at the 'Cost of Virtual Money'
(2/n) @OutlookMoney @ETNOWlive @monikahalan @livemint @ActusDei
If one is so bullish on #Crypto, one can recommend his or her clients to a greater extent instead of preaching a lot on crypto. Too much of crypto debate is not right as in our country its neither legal or illegal as on today. (3/n) @cafemutual @kaul_vivek @latha_venkatesh
Read 6 tweets
25 Sep
One would never plant an oak tree ... just to dig it up once a quarter to see how the roots are. When it compounds ... let it compound & the same is true in #MutualFunds. (1/n) @MFSahiHai @NileshShah68 @MFBALA @mohanty_swarup @iRadhikaGupta @fifaindiaorg @bsindia @ETMutualFunds
Oaktree roots grow from an acorn to a taproot system, similary #wealth is created via #MutualFunds. Primary root would grow horizontally into the soil. Later on, would transform into an extensive root system alongside maturation of the plant i.e. Magic of Compounding (2/n)
Only 1 in 10,000 acorns grow up to be an oak tree, and the same is true for #mutualfund #investors - only 1 out of many stay put to see the magic of compounding. One of such living legend is @Raamdeo (Mr. Raamdeo Agarwal - Chairman & Co-Founder @MotilalOswalLtd) 👇 (3/n)
Read 6 tweets
8 Jun
We have maintained our stand since the very begining that @FTIIndia has not committed fraud, No scam, no #investment has been made in junk bonds, not committed a crime. We still stand by the same. (1/n) #franklintempleton #mutualfunds #investments #DebtFunds #DebtMutualFunds
Payments are even coming from those securities whom naysayers claimed are junk bonds, which we told was not the case but these #investors were being mislead by them & even now they are trying to prove their mischevious intentions. Ultimately Action Wins, not noise. (2/n) @bsindia
As far as @SEBI_India order goes we will not say much as the matter is inbetween the regulator & @FTIIndia. Both details are out in public domain already. But, the forensic audit has been across all activities of #franklintempleton which includes each & every paper. (3/n)
Read 8 tweets
8 Jun
A kind request in the larger interest of #investors to @SEBI_India that if possible a forensic audit of all #MutualFund #portfolios where-in #Debt #investment is there can be done. It will help them to redevelop the kind of trust each #investor had in #Debt #mutualfunds! (1/n)
We believe that if this forensic audit is made mandatory in every 3 years for all #MutualFunds which has made any % of #investment in #Debt papers. It will ensure that events of past that are still ongoing will not happen. (2/n) @monikahalan @rohankaviraj @bsindia @IamMisterBond
Pleased to see that our regulator @SEBI_India has now issued circular yesterday pertaininig to 'Potential Risk Class Matrix for debt schemes based on Interest Rate Risk & Credit Risk' with effect from Dec 1, 2021, for all the
existing & new debt schemes. (3/n) #mutualfunds
Read 6 tweets
29 Sep 20
Name Clarity on Nomenclature for MFDs as per best of our ability & interactions with some legal experts.
MFDs still can consult legal experts for any further clarity or doubts. @cafemutual @bsindia @livemint
@wealthforum_tv @ETNOWlive @ArthmitraG @FinancialXpress (1/4)
Objectionable:

1. XYZ Adviser/ Advisers
2. ABC Advisor/ Advisors
3. XYZ Financial Advisors
4. ABC Investment Advisors
5. XYZ Wealth Advisors
6. ABC Wealth Manager
7. XYZ Wealth Managers
8. ABC Financial Advisory
9. XYZ Wealth Advisory
10. ABC Investment Advisory (2/4)
Names where obections may be raised:

1. ABC Wealth Management
2. XYZ Investment Management
3. ABC Investment Consultants
4. XYZ Wealth Consultants (3/4)
Read 5 tweets
24 Sep 20
Clarity requested in the Nomenclature of MFDs. If we can have the detailed list like FinServ, FinSol, Financial Services, Financial Distributors, InvestCare, InvestAssure etc. are Not Approved or Approved. It can work as a ready reckoner for MFDs & AMCs. @NileshShah68 @amfiindia
Changes that need to be followed in all firms/ companies need more time in #COVID times. Also mid-term changes have some further issues i.e. Income Tax, GST, Bank Changes etc. Request that Last date be extended to 31/03/2021 for all including individual ARN Holders. @cafemutual
Request @SEBI_India to also consider the matter. Further, would request to have a detailed list of names that are objectionable at the time of submission of Fresh or Renewal - ARN Application or at @Camsonline be made available. @bsindia @livemint @ActusDei @latha_venkatesh
Read 4 tweets

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