Posts tagged with "franklin"


  • How Much Did Franklin Ultra Short Term Fund Return

    It has been more than a year and a half since Franklin Templeton India sent out that email letting investors know that it is winding up six debt mutual funds. There was a lot of uncertainty at the time and many people were worried that they might lose their investments. Nothing of that sort has happened and we got back most of it. There is still some more to come, but at least people are confident that they will get back their full investment. That is also the reason that we don’t hear much in the news about Franklin anymore. Back in the day you would hear about it pretty much every other week.

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  • One Year Since COVID, Franklin, Sensex And Other Lows

    It has been a year since I have seen all kinds of lows of 2020. That year turned out to be quite bad. However, it seems like 2021 is not going to be much better when it comes to COVID. But not everything is as bad. This post is a look back at what happened since the last year lows (from my perspective) and how things are now compared to one year ago.

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  • Franklin Debt Funds Payment Is Here

    Finally after almost one year since the Franklin debacle, there is some good news. I received 50% of my investment in Franklin Ultra Short Term fund. That is a sizable chunk of money. I am sure I have never seen as much in my bank account -- ever. While it is a sigh of relief, I never so much as doubted that there will be problem in repayment. My only worry was how long it would take for Franklin to repay given the court cases. For once this case moved faster than typical court case duration in India. Anyway I hope by the time you read this, you would have received your payment too.

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  • Franklin To Disburse Our Investment?

    You probably remember the Franklin fiasco that happened some 9 months ago. All those who invested in the six wound up funds have their investments stuck for the past 9 months. While the funds were wound up they were still receiving interest income from the papers that it holds. Some papers matured while some others pre-paid the bonds. So overall Franklin has Rs. 14,391 Cr in income so far according to it's latest report on Jan 29, 2021. Of this amount 4,621 Cr was used up to pay back its borrowings. The left over Rs. 9,770 Cr is available for disbursement. However it was unable to return the monies because of a court case in Supreme Court.

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  • Learnings From 2020

    The year 2020 has been special in many ways. We have seen something that was unprecedented not only in my life, but even during my parents life. Who would have ever imagined a lock-down of the whole nation for example? Many things were a first in 2020. While the year was not too bad, I did have a few learnings. In this last post (hopefully) in the year review series, I want to go over my learnings. Pretty much all my issues and the resulting lessons were related to Franklin :).

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  • Year In Review – 2020 Plans That Failed

    From what you have seen so far in my year in review series, you might think 2020 was not too bad. It seems like most of the things worked out fine for me except for that loss of electronics and Franklin fiasco. But that is not really true. We made a few other plans that just did not go well at all. Here is a review of those disappointments.

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  • Franklin Saga Drags On

    Franklin has been in the news quite a bit due to the decision to wind-up six of its funds. After deciding to wind-up the funds the fund house was planning to get unit holder's consent for disbursing cash from liquidated papers. However, some investors did not like the decision and started legal proceedings against the fund house. Unit holders filed cases in multiple High Courts. Now we all know how long courts take to pass judgement on just one case. Given there were multiple cases I was not very positive that something will happen any time soon.

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  • Taxation of Franklin Segregated Funds Payout

    There is a lot of confusion about how the payout from Franklin Segregated funds (Vodafone Idea papers) will be taxed. After reading a lot about the taxation for the past 3 days, I think I finally have a good idea. If you received a payout from Franklin, you will find all the details on how to calculate your tax. I can tell you upfront that we are at a tax disadvantage. Moreover, you might have to pay advance tax depending on how much you received. In the rest of the post I will be using Franklin Ultra Short-term Bond fund as an example, but you should be able to do the same for any other fund. If you'd rather watch a video instead of reading this post, scroll to the bottom.

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  • 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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  • Franklin Ultra Partial Payment From Vodafone Segregated Fund

    Yesterday afternoon I was reading in the news that Vodafone Idea has made interest repayments to mutual funds. I was wondering if Franklin will be returning something back to the investors. And as expected, I did receive an email from Franklin yesterday evening. The AMC will be returning 7.58% of units worth of money back to the investors. This is some good news in the ocean of bad news surrounding Franklin. If you don't want to read the post, you can check out the video at the end of the post.

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