Page 83 - Mutual Funds

Franklin MF sees Rs 616 cr default from Essel Infra in four schemes

Mutual fund manager appoints legal counsel, says it is considering ways to maximise recovery value

Sudden spike in bond yield amid coronavirus outbreak signals trouble

Also, watch out for a company raising money at a very high rate of interest

AIFs may gain at the expense of MFs with market poised for shift in favour

Unlike MFs, Category-I and II AIFs have a closed-ended structure and are not exposed to the risk of sudden redemptions

Aditya Birla Sun Life MF stops fresh flows in two credit-oriented schemes

Apart from fresh subscriptions, switch-in applications, fresh registration of systematic plans have also been stopped in the schemes till further notice

Franklin MF ropes in Kotak Bank to expedite wind-up of 6 schemes

The bank's debt capital markets team will work as an independent advisor.

Arbitrage schemes back on investors' radar after Franklin Templeton fiasco

The arbitrage category witnessed Rs 33,767 crore in net outflow during March

Franklin payouts may be delayed over authorisation for monetising holdings

Industry experts say in case of an unprecedented scenario of a deadlock in the voting process, the fund house would have to seek guidance from the regulator

Repayments may get delayed if unitholders don't authorise trustees: FTMF

The fund house re-iterated that the reason for winding-up the six schemes was to preserve the value for unitholders and return money at the earliest.

Mutual funds make limited borrowing from Reserve Bank's credit lines

Experts say fund houses preferred to sell bonds to banks, instead of borrowing

Morningstar revises its ratings for three debt-oriented mutual fund schemes

Research firm says important to re-visit ratings for portfolio liquidity, redemption pressures

New SIP registrations slip to 13-month low of 750,000 in April

Compared to March's tally, it was 11% less

After Franklin fiasco, unlisted debt securities come under Sebi scrutiny

Industry estimates suggest Rs 5,700 crore exposed to such papers

MF redemptions in debt segment continue despite RBI's liquidity window

Data shows Rs 4,000 crore of borrowing facility already used

Return money to investors as soon as possible: Sebi to Franklin Templeton

Over Rs 25,000 crore ($3.3 billion) worth of investments belonging to 300,000 investors are currently stuck in the six debt schemes wound up by the fund house

Targeted liquidity for NBFCs, MFs to ease systemic stress, says R Sivakumar

The outflows seen in March are a quarterly and annual phenomenon whereby some institutional and corporate investors redeem and re-invest at the start of the new quarter/year, says Sivakumar

Inflows in equity mutual funds plunge 25% to Rs 83,781 cr in FY20

This was the sixth successive year of net inflows in equity mutual funds

Debt investors feel the pinch after Franklin fiasco highlights risks

Existing investors need to scrutinise portfolios carefully, new ones should take expert help

Franklin chief says tightening of unlisted debt added to pressure

Sebi regulations required fund houses to cap exposure to such papers at 10% of scheme assets

Private equity players see new business opportunities in post-Covid world

Currently, the PE exposure in credit is limited and constitutes less than a 2 per cent share of the overall credit offered to industry.

Best of BS Opinion: Covid-19 outbreak, India's MF industry, and more

Here's a selection of Business Standard Opinion pieces for the day