Sebi regulations required fund houses to cap exposure to such papers at 10% of scheme assets
Banking & PSU debt fund has seen assets declining from 1,542 crores to Rs 1,134 crore in the same time-frame
Stick to solid banks and shun both credit and duration risk in debt funds
Investors exposed to dynamic accrual fund can see shorter timeframe, as 45% of the assets are maturing within two years
Troubles with India's illiquid debt market have plagued Franklin Templeton since inception
Govt should not tax two forms of debt differently
Exposure to wind-up schemes at marked-down valuations to continue
At least 30% of assets of wound-up schemes in unlisted securities
Banks need sovereign support to lend to non-AAA borrowers in the wake of the Franklin crisis
"We are committed to doing all we can to return money in the schemes that are wound up at the earliest to investors," Franklin Templeton Asset Management (India) President said
Govt gives RBI go-ahead to ensure liquidity; distributors seek special window for small investors
What went wrong? Is there a systemic flaw? Is there a role for the regulator here? Can this happen again? What should you do to avoid such accidents?
Crisis could trigger tweaking of categorisation norms by Sebi, say experts
A Yes Bank type of rescue package could be considered by the mutual fund industry to save itself from this financial coronavirus
Given that the Covid crisis could lead to more defaults by companies, investors are better off staying away from such funds
Six fund-of-funds schemes take 6-25% NAV hit to their exposure to schemes wound up by the AMC
Aditya Birla and HDFC, also rushed to hold conference calls with their investors in an effort to reassure them about their portfolios
FTMF stunned all by deciding to shutter operations of six schemes with assets under management of more than Rs 25,000 crore
The decision has been prompted by lack of liquidity in the high-yield market, as well as heavy redemption pressures that are affecting all debt funds
The NCDs held by the fund house's schemes will mature in June, 2020