Posts tagged with “credit-risk”

Jul 11, 2020
Franklin Ultra Final Payment From Vodafone Segregated Fund
Yesterday, Franklin Templeton announced that Vodafone Idea has made full payment of the principle along with interest. If you recall, a few funds from the AMC were holding Vodafone Idea papers which were downgraded to junk. As a result, Franklin has moved those papers to a segregated fund. Franklin already made a partial payment last month after it received interest payment from Vodafone. Now the AMC will be paying out the full amount from the segregated funds.
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May 6, 2020
How Much Will I Get From Franklin Ultra Short Term
You have all read about the Franklin debacle regarding the closure of 6 Franklin India Debt Funds. Many have invested in those funds. Especially the Franklin India Ultra Short Term fund, lured by the excellent returns. I am also one of the investors in the ultra short term fund. And I have a significant portion of my debt portfolio in it. The fund came with a promise of "optimum balance between regular income and high liquidity". But now, it can neither generate regular income, nor does it have any liquidity at all. Talk about the irony :)
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