The AMC’s markdown of Vodafone-Idea bonds exposure may have been one of the major contributors for investors heading toward the exit door at Franklin
Read MoreThe debt fund schemes had segregated the exposure to Vodafone Idea after writing down its value to zero; now investors will be paid back the money in next few days
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
Read MoreCRISIL, CARE Ratings and Brickwork Ratings have downgraded Vodafone Idea debt to below investment grade rating of BB minus (BB-) after the telco’s viability is in question following the AGR dues fiasco
Read MoreCARE Ratings downgraded Vodafone Idea debt to below investment grade rating of BB minus forcing UTI MF and Nippon India MF side-pocket the debt
Read MoreMove comes a day post CRISIL downgrading debt securities of cash-starved Vodafone to below investment-grade
Read MoreUTI Credit Risk hit the hardest with over 10% NAV drop
Read MoreThe write-off has led to each of the Franklin schemes taking a 4-6% net asset value negative impact individually
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