Franklin Fiasco Articles
Karnataka HC tells Franklin to seek unitholders’ consent for winding up 6 debt funds; what next?
The Karnataka High Court order delivered on Saturday sets in motion different possibilities and investors must take a considered view of things before rushing to a decision
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Prepayment helps 6 Franklin debt funds get nearly Rs 1,100 cr between Sep 16-30; total reach Rs 8,200 cr
The Karnataka High Court has completed hearing the arguments on matters related to the six schemes under winding-up, and it is expected that the judgement will be announced soon
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Franklin MF: 6 debt funds get nearly Rs 700 cr between Sep 1-15; total cash collected reach Rs 7,200 cr
Borrowing levels in Franklin India Short Term Income Plan and Franklin India Income Opportunities Fund continue to come down steadily. Others are cash positive
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Franklin update: 6 schemes collected Rs 708 cr in August 1-14; roughly Rs 5,000 cr so far
Franklin India Ultra Short Bond Fund can return 21% of its AUM to unitholders subject to a successful unitholder vote; Franklin India Dynamic Accrual Fund can return 12% of its AUM
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Franklin’s 6 schemes collect Rs 893 cr last fortnight; 4 schemes’ NAV hit after Future Group cos rating downgraded
Four schemes of the six funds took a knock on NAV as they had exposure to some Future Group firms, which didn’t pay up on maturity
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Franklin’s Santosh Kamath breaks silence; expects Rs 6,000 cr inflows by Sept, plans listing of securities, schemes
Speaking in a podcast, the fixed income head talks about expected cashflows, secondary sale of securities, listing of unlisted papers, and listing of MF schemes
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Franklin update: Collects 2,000 cr in 6 funds being wound up; 2 funds ready to start returning money as legal hurdles pass
From April 24, 2020 to June 15, 2020, the 6 schemes have received Rs 1,964.21 crore from maturities, pre-payments, and coupon payments, according to Sapre
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Franklin MF debt funds court update: 6 cases transferred to Karnataka HC, to decide matter in 3 months
The Supreme Court has transferred the matters, originally filed in different courts, to a single court which will hear and finally decide the matter within three months
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Debt funds market went through a churn in last 2 months; who are top losers and gainers
Investors were more bothered about capital protection rather than above FD returns from debt funds, especially after the recent shutdown of a few debt mutual fund schemes of Franklin Templeton
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