Franklin MF shutting Funds

nakrj · April 27, 2020, 11:40am

Agree. It’s high time Zerodha allows traders to plege Gsecs and GOI Bonds.

ShubhS9 · April 27, 2020, 3:26pm

If Stock Market’s too are going to go bust then human race is well and truly going to go extinct.

SachinSingh · April 28, 2020, 4:40am

@vishnux, after placing the unpledge and redeem request on same day, how much time did it take for the money to get deposited in your account?

vishnux · April 28, 2020, 5:54am

I did on friday , Just got released today…

Anshuman_S · April 28, 2020, 9:36am

How are these Funds declaring daily NAVs when they are not traded. They can simply bring down the NAVs and say that we paid to the investors whatever we owned them. Can this be reported to SEBI.

Bhuvan · April 28, 2020, 9:41am

Nothing wrong here. The underlying bonds haven’t defaulted and the interest keeps getting accrued which will be marked in the NAV.

Anshuman_S · April 28, 2020, 9:52am

Thanks Bhuvanesh, but how is the NAV coming down, it has come down by about 1% in the past 2 days. Have the bond yields come down by 1% in last 2 days.

Bhuvan · April 28, 2020, 9:55am

It’s not like the bond market has completely shut down. There will be trades, if not they have to value the bonds according to their/AMFI/SEBI prescribed models, which shows up in the NAV.

Anshuman_S · April 28, 2020, 9:59am

Can they be questioned if they keep bringing down the NAV ?

Bhuvan · April 28, 2020, 10:01am

There’s nothing wrong with it That’s how it works, but you can try writing to them.

Anshuman_S · April 28, 2020, 10:04am

I am trying to ask now that they have closed the funds what are the chances that they will not manipulate the NAV to cut down their losses and pass it on to the investors.

Bhuvan · April 28, 2020, 10:06am

You can turn anything into a conspiracy theory if you want. These are regulated entities with trustees to oversee and with strict regulations. It’s not as easy as you are thinking. AMCs are some of the most regulated financial entities.

Anshuman_S · April 28, 2020, 10:12am

I would take that with a pinch of salt. If the NAV keeps coming down, as a investor these regulations will be of no help to me.

Riyas_Ahamed · May 1, 2020, 3:47pm

This is the time frame to take to reedem the fund to investor

Franklin distribute the invester fund on the following intervals

rupeshmandal · May 1, 2020, 7:50pm

@Bhuvan The T-Bill yields have decreased a lot in the past few weeks. And Quantum Liquid Fund has total 46.98% T-Bills

Source: RBI website.

brokenbull · May 2, 2020, 8:23am

so “Liquidbees” will yield only 4% annual returnsnow?