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
Fund house had extended moratorium to group companies on April-June obligations
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
Closed schemes had large exposure to some bond issuers
Money should not be a consideration in protecting jobs, people and industry as the economy nosedives
Govt should not tax two forms of debt differently
Here are the top 10 headlines on Tuesday
According to the available data, the credit risk fund category saw its assets under management (AUM) dip by another 12 per cent in April to Rs 48,392 crore
One-year return for fund category is 17 per cent
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
According to a Business Standard report, the government will give out new official economic growth and budgetary projections in July or later
Under the SLF-MF, the RBI shall conduct repo operations of 90 days tenor at the fixed repo rate.
Here are the top 10 headlines on Monday
Here's a selection of Business Standard opinion pieces of the day
Govt gives RBI go-ahead to ensure liquidity; distributors seek special window for small investors