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
Accordingly, debt schemes will also be classified in terms of a Potential Risk Class matrix consisting of parameters based on max. interest rate risk (measured by Macaulay Duration (MD) of the scheme) & max. credit risk (measured by Credit Risk Value
(CRV) of the scheme) (4/n)
As certain parameters of risk are well defined so that the fund mgmt. team enacts accordingly. Though regular audit & other pointers are already laid down by @SEBI_India. The proposed 'Mandatory Forensic Audit' every 3 yrs will doubly ensure & put things in perspective. (5/n)

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More from @vaid_varun

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
7 Dec 20
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)
Read 75 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)

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
2 Sep 20
To protect the #interest of #investors & to enhance transparency @SEBI_India has revised much awaited disclosure norms pertaining to transactions in #debt & #money market #securities by #mutualfunds. @fifaindiaorg @bsindia
@OutlookMoney #SaarthiZarooriHai #PlanZarooriHai
W.e.f 1.10.2020 these disclosure details will be required in new format -

1. Name & type of security
2. Credit Ratings
3. Name of the rating agency
4. Maturity date
5. Settlement date
6. Interest accrued & yield
7. Information like rating of the security at the time of transaction, whether the security is listed, put/call option date, yield at which the security was traded, type of trade (inter scheme transfer/primary/secondary market, etc.)
Read 7 tweets
4 Aug 20
Request @SEBI_India to look into these 2 RIAs both offering as plans. Orowealth is even showing comparison between Savings Account vs Liquid Fund vs Amazon Save & Shop. It seems they are in direct violation of code of conduct of RIAs. @harshroongta @monikahalan @SureshSadagopan ImageImage
Request @aria_india to also have a look though these 2 are not members of your association but being RIAs are doing unethical practice. It is a matter of great concern for other RIAs as well. @bsindia @livemint @DainikBhaskar @CNBC_Awaaz @networkfp @cafemutual @businessline
After reading the article bit.ly/31i6nnX @livemint by @ActusDei ; we can suggest #investors that: Don’t fall for the promise of indicative or exorbitant or assured returns by RIAs or MFDs. Don’t let greed overcome rational #investment decisions. (1/2)
Read 4 tweets

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