All eyes are on the outcome of the unitholders’ consent seeking exercise that is expected to take place for the winding-up course to proceed
Read MoreThe 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
Read MoreThe 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
Read MoreCARE downgrades commercial paper and proposed NCD offerings of Shapoorji Pallonji, which often guarantees debt securities of other group entities to whom mutual funds have lent money
Read MoreBorrowing levels in Franklin India Short Term Income Plan and Franklin India Income Opportunities Fund continue to come down steadily. Others are cash positive
Read MoreCash position in Franklin India Ultra Short Bond Fund and Franklin India Dynamic Accrual Fund rose to 31% and 14% of their AUM, respectively
Read MoreFranklin 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
Read MoreFour 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
Read MoreA total of Rs 3387 cr has come since April 24 as cash flows in the six yield-oriented funds under winding-up;
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