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 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 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;
Read MoreWhile two funds of the six funds that are being wound up are cash positive, four have between 7% to 37% of AUM as outstanding borrowings as on June 30
Read MoreFour of the six funds that are being wound up have between 10% to 38% of AUM as outstanding borrowings as on June 15
Read MoreThe schemes had segregated the exposure to the telecom company after writing down value to zero; unitholders will get their proportionate payment from fund-house by the end of the week
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