Synopsis
“How poor are they that have not patience!” A considerable minority on D-Street had heeded Shakespeare’s warning in Othello – and stuck to their SIPs right through the Covid-induced carnage.
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Inflows into SIPs fell from Rs 8,500 crore per month in March 2020 to about Rs 7,800 crore every month In November 2020.
“How poor are they that have not patience!” A considerable minority on D-Street had heeded Shakespeare’s warning in Othello – and stuck to their SIPs right through the Covid-induced carnage.
They are now reaping rich rewards.
For the record, investors have earned on an average annualized returns of 13-14% on their SIPs for a period of 5 years. Over three years, the return is even higher at 17-19%. These returns are sharply higher than what would be major losses at the end of FY20, data from NJ wealth investors showed.
In the meeting with unitholders, Franklin Templeton denies allegations of favouritism to select investors
Unitholders asked trustees when they would get their money back and what could happen if schemes are re-opened for redemptions December 30, 2020 / 02:57 PM IST
The first meeting of the trustees and the unitholders of the six debt schemes that Franklin Templeton India was held on Tuesday. The fund house’s President, Sanjay Sapre, denied allegations that some investors may have withdrawn their money before redemptions were suspended. Sapre said that this was an allegation and there was no evidence supporting such a claim. “The redemption patterns don’t appear to indicate any difference in redemptions with respect to specific individuals or advisors,” he said. The meeting was held over video calls, as part of the four-day voting exercise.
Voting for Franklin Templeton schemes ends
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Synopsis
The unitholders’ meetings have brought the voting process to an end. The Supreme Court will decide the further course of action in its next hearing in January, 2021.
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Franklin attributed this to its dominance in market for lower-rated bonds.
The trustees of Franklin Templeton Mutual Fund told unitholders of the six shut debt schemes that these schemes have managed to get more money from issuers than what was projected earlier. In the six video meetings held on Tuesday, top management and trustees of Franklin Templeton assured investors that if the outcome of the voting process is a ‘Yes’, it would be able to monetize the papers faster while preserving their value of investments, as market conditions have become far more conducive.
What should you do with mutual fund investments when fund manager or CIO quits?
If your fund house lacks processes and over-relied on the individual fund manager, then it might be the time to move your mutual fund investments December 28, 2020 / 01:36 PM IST
After spending 12 years at SBI Mutual Fund (MF) as its chief investment officer (CIO), Navneet Munot resigned from his role last month. He will be joining HDFC MF as its new managing director and chief executive officer, in the place of Milind Barve.
Over the years, many fund houses have sharpened and institutionalised their process of how they pick stocks and sectors. Yet the human element cannot be ruled as these are actively-managed funds. And the buck stops at the CIO’s table who heads the investment team. So, when a CIO or fund manager leaves, how much does your scheme get impacted?
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