I have exposure to Ultra Short Bond Fund. They have a meeting around 12 Noon today after which their next course of action will be clearer. I am looking the space quite closely.
As mentioned in the mail they shared, they are most likely to sell assets in aforementioned funds and after deducting expenses will distribute amount among unit holders.
We are bound to get something out of it but capital loss looks definite.
today morning i place withdraw all liquid fund , tommrow they will wind up these category also , situation is worse in debt market , RBI decision will never work in this lockdown , better be safe money in your bank account
In liquid funds there are also some which only invest in govt securityâs- like govt bond,psu company bonds generally they donât default you can shift to that type of liquid funds
I would advise not to keep more than 5 lakh in a single bank account regardless of whether it is a private bank or a PSU. Post budget 2020, upto Rs 5 lakh in your bank account is insured under DICGC (Deposit Insurance and Credit Guarantee Corporation) Act. This 5 lakh includes the principal and interest amount for your FD, Savings a/c, Current a/c all put together. In case the bank goes bankrupt you would get that Rs 5 Lakh. But if you have more cash and you wish to keep in bank account, I would recommend to distribute it among different bank accounts with a cap of Rs 5 Lakh max in each bank for safety.
`ET NoW channel Franklin president is commenting they will try to refund all money but some loss want to bear , same problem having in Kotak , Birla, hdfc AMC they all are agreed the same problem we have because of no illliquidity in bond market Bid and ask price are lengthy spread these AMC also closely monitoring the situation ,
I think debt market in credit crunch right now , Franklin not Guaranteed full amount of refund in those wind schemes , they hope to do best of unit holders
There is no guarantee of full amount will be refund to unitholders according to the AMC conversation
RBI is shocked about Franklin decision
Sometime between 2008 and 2020, a sitting president will die in office of a heart attack. The vice president who assumes the presidency will declare war on North Korea in light of his accurate belief that the Asian country is in possession of weapons of mass destruction.
2020 will mark the end of the US presidency and the executive branch of the government. America will finally be fed up by then and leave it at that.
By early 2020s, humans will reach an accord with extra-terrestrials.
Every prediction is like your next trade. It has a 50/50 chance and in some cases 0.
Lets just assume that stock markets end in 2020. What then? Where will people invest ?
Also, there is never ever a 50/50 probability in prediction. Prediction probability is always almost to nil and in most cases, nil. Just like the probability of a CDO in securities market!