Franklin Templeton investors get an option to exit through stock exchanges
A welcome move by SEBI – provides a liquidity mechanism to stuck investors.
Sector: Asset Management Companies
Franklin Templeton investors get an option to exit through stock exchanges
SEBI has tweaked its rules and allowed Franklin Templeton India to list its six shut schemes on the stock exchanges to provide an alternative exit option to 300,000 investors of these schemes. Franklin Templeton had wound up six debt schemes on 23 April with total assets under management (AUM) of ₹25,856 crore. The units of … Read more
HC order on Indiabulls Housing worries MFs
Mumbai/New Delhi: An interim order by the Delhi high court restraining coercive action against Indiabulls Housing Finance Ltd for its inability to repay bondholders has raised fears among mutual funds that more debtors could take the same course. The Indiabulls counsel cited the Reserve Bank of India’s (RBI) 27 March circular on loan moratorium and … Read more
Mutual funds AUM grow more than 3x in last 10 years
NEW DELHI: Mutual funds have added a whopping Rs 3.15 lakh crore to their asset base in 2019 on the back of robust inflows in debt schemes and measures taken by regulator Sebi for boosting investor confidence. The asset under management (AUM) of the industry rose by over 13 per cent (Rs 3.15 lakh crore) … Read more
Is it time to buy the Indian midcaps – Update December 31, 2019
4th note in the series… the last one for calendar year 2019 !
HDFCMF provides liquidity support to FMPs upto Rs 500 crore
HDFCMF in a filing yesterday evening to the Stock Exchanges, declared that it is providing a liquidity support to its Fixed Maturity Plan (FMP) Schemes that hold Essel Group debt. The support has been capped at Rs 500 crore. Checkout the actual filing made here – [su_document url=”http://www.inves4.com/wp-content/uploads/2019/06/HDFCMF_filing_to_NSE.pdf”] [su_spacer size=”15″] 1. At what value Whereas … Read more