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 … Continue reading “Taxation of Franklin Segregated Funds Payout”

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. If you have invested in any other funds of … Continue reading “Franklin Ultra Partial Payment From Vodafone Segregated Fund”

Franklin India Ultra Short Bond Fund is Down!

Normally I do not write any mutual fund specific posts because I do not recommend specific funds. But in this case I will make an exception because many people I know have invested in Franklin India Ultra Short Bond Fund and are shocked to see it go down by 4.36% in one day! Yes even ultra short term debt funds go down. Most people forget or ignore the credit risk involved in debt funds. If you want absolute safety of investment go for liquid funds or overnight funds. Anyway, back to the point, I don’t have all the information at … Continue reading “Franklin India Ultra Short Bond Fund is Down!”