Posts tagged with "franklin" - page 2


  • Jun 15, 2020

    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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  • Jun 4, 2020

    The Franklin Wind-up Saga

    In a recent post, I mentioned that Franklin has started the e-voting process. Investors in the AMC's winding-up funds have started receiving emails about e-voting details and schedule. The email mentioned that the voting was supposed to happen between June 9 and 12. I was hoping that Franklin will be able to start paying some of the investors either in June or July soon after the e-voting. But it does not seem like that will happen. In a recent news, it is known that a petition was filed in Gujarat High Court (HC) against Franklin. The HC then stayed the Franklin's e-voting process.

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  • May 29, 2020

    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.

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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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  • Apr 24, 2020

    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.

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