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 The fund house’s President, Sanjay Sapre, denied allegations that some investors may have withdrawn their money before redemptions were suspended.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.
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?
Protect your financial goals
Market moods can change rapidly and torpedo your critical financial goals if you are not protected. Goals are planned on the basis of certain assumptions, and if these go wrong, the final outcome can be very different from what you were expecting. Therefore, building an adequate buffer is the best way to protect your goals from market vagaries.
How much do you require? As a thumb rule, a cushion of 15-20% of the future goal value is enough, says Amol Joshi, Founder, PlanRupee Investment Services. For instance, if you have estimated a need of Rs 20 lakh in 10 years, invest in a manner that you earn at least 15% more, which would be Rs 23 lakh in this case. Even if the assumed return or inflation stray off the mark, you will be able to meet your goal. There are several rules that define how you calculate the size of your cushion.
Protect your financial goals
Market moods can change rapidly and torpedo your critical financial goals if you are not protected. Goals are planned on the basis of certain assumptions, and if these go wrong, the final outcome can be very different from what you were expecting. Therefore, building an adequate buffer is the best way to protect your goals from market vagaries.
How much do you require? As a thumb rule, a cushion of 15-20% of the future goal value is enough, says Amol Joshi, Founder, PlanRupee Investment Services. For instance, if you have estimated a need of Rs 20 lakh in 10 years, invest in a manner that you earn at least 15% more, which would be Rs 23 lakh in this case. Even if the assumed return or inflation stray off the mark, you will be able to meet your goal. There are several rules that define how you calculate the size of your cushion.
Franklin Templeton unitholders vote: What should investors do?
Investors in Franklin Templeton’s schemes will vote on whether or not to wind-up schemes December 24, 2020 / 08:59 AM IST
Eight months after Franklin Templeton mutual fund’s (FT MF) closed six of its debt schemes, and after the subsequent court battles, its unitholders will now vote and decide if these schemes should be wound-up or not.
While the legal question on whether approval from unitholders is mandatory for winding-up a scheme is being examined by the Supreme Court (SC), the fund house will seek consent from unitholders as per the directions of the Karnataka High Court.