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)
The order also is not related to &
has no impact on the other Debt, Equity, Hybrid & Offshore schemes managed by @FTIIndia. If anyone is spreading lies, rumours with any sort of intentions then they must state where does it reflect in the detailed order of @SEBI_India. (4/n)
#Investors should note that @SEBI_India order does not impact the current monetization process of the 6 debt schemes under winding up being undertaken by the liquidator. 71% of AUM as of Apr 23, 2020 have been returned to unitholders in total across all the schemes. (5/n)
On returns aspects few #investor say that scheme might have given good returns but we haven't got. These #investors must note: Returns of #MutualFund Schemes will always vary from each & every investor. It depends upon Purchase Date & Rate, Holding Tenure, Plan Opted etc. (6/n)
Our earlier tweets in lieu of @FTIIndia 6 schemes under winding up they can go through the thread: bit.ly/2RAplW5
From 7 Dec, 2020 to 17 Apr, 2021 (We were not able to tweet on this 17 Apr, 2021 onwards because of COVID-19) (7/n)
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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
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)
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
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
(2)
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.)
(3)
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
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)