Update On Franklin Funds That Are Winding Up

It does not seem like the problems with Franklin are going to end anytime soon. They are in news everyday for some reason or the other. The first issue I can see is that the investors will not receive any money in May. The reason? Franklin has not yet started the voting process. And until that happens I don’t think they can return anything to the investors. If you recall, I was hoping Franklin will return something in May. However, all hope is not lost. Franklin has started the voting process. Hopefully we will get something in June. Please make … Continue reading “Update On Franklin Funds That Are Winding Up”

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 🙂 Most, if not … Continue reading “How Much Will I Get From Franklin Ultra Short Term”

Franklin Wind-up Situation

Franklin Templeton is winding up 6 yield oriented debt funds because of the liquidity situation that came about due to COVID-19. If you are invested in the following funds, you might have received an email from Franklin. Franklin India Ultra Short Bond Fund (FIUBF) Franklin India Short Term Income Fund (FISTIP) Franklin India Credit Risk Fund (FICRF) Franklin India Low Duration Fund (FILDF) Franklin India Dynamic Accrual Fund (FIDA) Franklin India Income Opportunities Fund (FIIOF) Why is this happening? Due the lockdown situation in India due to COVID-19, the fund has been facing a liquidity challenge due to redemptions. Unfortunately, … Continue reading “Franklin Wind-up Situation”