Franklin India Credit Risk Fund Articles

Franklin Templeton Mutual Fund
May 19, 2020
Franklin Templeton sends a mid-month progress update to investors of 6 shuttered debt funds; things are moving

The outstanding borrowings of Franklin India Dynamic Accrual Fund have now become nil from Rs 124 crore in April

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Jennifer Johnson Franklin Templeton
May 7, 2020
Curb on unlisted debt, secondary market freeze, SC’s Vodafone verdict led to Franklin debt fund fiasco, says Global CEO

Franklin Resources Inc. president and CEO Jennifer M. Johnson defends India fund-house’s winding up actions in Q2 earnings call; insists funds underlying holdings are ‘very good credits’

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Performance tracking
May 5, 2020
Live-tracking 6 shuttered Franklin debt funds: Which securities matured, which bonds sold so far

The embattled fund-house has provided portfolio level data changes for the period starting April 24, 2020 and ending April 30, 2020

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MF debt exposure
April 30, 2020
Moratorium given to Future Group leads to negative NAV impact on 4 Franklin debt funds being wound up

The decision to give moratorium was taken well before the announcement of winding up of 6 yield-oriented debt funds announced on April 23, the embattled fund-house says

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Mutual funds
April 26, 2020
Franklin Templeton: What happened, and what next?

What is in store for investors with nearly Rs 26,000 crore of investor money stuck in six yield oriented managed credit funds of Franklin Templeton

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Franklin Templeton debt mutual funds
April 24, 2020
Franklin fiasco: It transpires debt mutual funds that take credit risk are not for retail investors

With Franklin Templeton Mutual Fund closing six debt funds, the debt fund market has gone into another spiral on redemption and liquidity concerns. We examine the implications

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Amaravati City bonds
February 1, 2020
Andhra’s Amaravati city bonds get negative rating where Franklin, Aditya Birla debt funds have Rs 1,200 cr exposure

Franklin Templeton MF has about Rs 979 crore and Aditya Birla MF hold Rs 226.5 cr worth bonds sold by Andhra govt for Amaravati capital city project, which is being abandoned by the Reddy government

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January 17, 2020
Franklin MF debt funds write down Vodafone Idea exposure after SC refuses to review AGR judgement

The write-off has led to each of the Franklin schemes taking a 4-6% net asset value negative impact individually

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Mark down
December 13, 2019
Zee group exposure continues to prick Franklin MF debt schemes as Diligent Media gets rating downgrade

As on November 30, 2019, the five schemes of Franklin Templeton MF had Rs 309 crore-exposure to Diligent Media Corp, whose long term rating has been downgraded by ICRA

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