News From Press Franklin Templeton fiasco: Have debt mutual fund investors learnt their lesson?

Franklin Templeton fiasco: Have debt mutual fund investors learnt their lesson?

Source: The Economic Times May 18, 2020

The recent closure of six schemes by Franklin Templeton shocked debt fund investors. Though there were a number of side pocketing incidents earlier, no one expected a complete closure. Side pocketing entails segregating bad quality papers from the main portfolio and converting these into a separate scheme. While the original scheme continues with reduced net asset value (NAV), no entry or exit is allowed in the segregated scheme. This scheme is wound up as and when money, either in full or in pa ..

Click here to read more>>

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

IRDAI brings life, health insurance down to the grassroots level

How to overcome financial loss

Crypto hype to continue but you need to ask: Can the lure of quick money control your financial decisions?

45 million and counting: The unique rise of mutual fund investor

Mutual Funds: With markets on a decline, is this the time to rebalance your portfolio?

Irdai directs cos to meet social sector obligations

Mutual Funds: New KYC norms for investors take effect from 2024-25; here’s what you need to know

Investors have shifted from small & midcaps to flexi, multi, thematic funds

Spike in SIP churn as investors rebalance; registrations rose 48% in April

Front-running, insider trading: Amfi rulebook to curb misconduct in a month

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

2 Comments

PRASHANT · 3 years ago `

Wow....you are putting the blame on investors and not the people who siphoned off the money from them? The AMC people are innocent? Regulator is innocent?

Prashant · 3 years ago `

This article says that investors have started looking into the portfolio and the papers the scenes are holding which means by looking into the portfolio and papers and by googling about them the investor will understand that the fund manager or the AMC is investing in the right and good quality papers. Hahahaha hahaha

If the investors understood a this why would they give their money to anybody to invest or manage? Also this article absolves the fund manager and AMC's responsibility and the regulator's responsibility completely.

Shame shame

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

How many seats will the BJP led NDA win in 2024 Lok Sabha election?

351 or above

276 to 350

201 to 275

200 or below

EVENTS FORUMS