Page 41 - Mutual Funds

MFs' risk aversion towards NBFCs continues, exposure falls to 19% in March

The overall sectoral exposure to NBFCs, including housing finance companies, fell to 19% in March 2020

Covid-19: Sebi gives more time to mutual funds on unlisted debt

Sebi extended the timelines for reducing exposure to unlisted NCDs in phased manner to September 30, 2020, and December 31, 2020

Franklin crisis: Hindsight is 20-20, but key manager could have done better

Troubles with India's illiquid debt market have plagued Franklin Templeton since inception

Franklin Templeton's six wound-up schemes face concentration risks

Closed schemes had large exposure to some bond issuers

Equal treatment

Govt should not tax two forms of debt differently

RBI to open Rs 50,000-cr special liquidity window to support mutual funds

The liquidity strains have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects

Franklin fund of funds to re-jig debt allocation post-exit window

Exposure to wind-up schemes at marked-down valuations to continue

Retiree investors in wound-up Franklin schemes fret over repayment timeline

At least 30% of assets of wound-up schemes in unlisted securities

Franklin Templeton MF committed to return investors money: Sanjay Sapre

"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

Why Franklin-type fiasco will keep repeating

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?

Franklin Templeton debt fund crisis: Will investors get any money?

The fund house has declared that there will not allow any further transactions in them - no fresh purchases and no redemptions

Not the time for credit risk, investors should stay away from debt funds

Given that the Covid crisis could lead to more defaults by companies, investors are better off staying away from such funds

Franklin MF faces growth hurdles after winding up six debt schemes

According to MF advisors, the move will impact investor perception about the fund house in the short term

Franklin Templeton fiasco puts MF industry in damage-control mode

Fund houses say a committed liquidity line from RBI can ease pressure

Franklin MF shuts 6 debt schemes over redemption pressure, liquidity crunch

MF distributors fear investors could start to withdraw their investments in large quantum from debt schemes, following Franklin Templeton's move

Sebi 'sees reason' in shutting down six debt funds, says Franklin Templeton

Association of Mutual Funds in India urges investors to remain calm after Franklin Templeton shut the debt funds.

Financials, AMCs under pressure; Bajaj Finance, HDFC AMC down over 5%

At 10:16 am, the S&P BSE Finance and S&P BSE Bankex were down 2.9 per cent and 2.6 per cent, respectively as compared to a 1.5 per cent decline in the S&P BSE Sensex.

Market correction prompts MFs to cut exposure to banks, invest in pharma

Fund managers say reduced exposure to banking can be attributed to a combination of factors

Dismal year for equity fund managers as MF bonuses catch Covid-19 flu

Some asset managers may skip payouts altogether as they take cognisance of the impact the coronavirus disease (Covid-19) pandemic may have on future earnings

Moratorium-linked uncertainty puts debt mutual funds in jeopardy

According to Sebi data, MFs had Rs 1.38 trillion debt exposure to NBFCs, of which Rs 51,014 crore was in less than 90-day debt papers, as of March 31, 2020