None of these units trade at all - 0 volumes. Plus there are additional risks here like price manipulation given the thin to low volumes in which case the exchanges ask us for clarification. having said that, let me have this checked.
Ok. please get it checked.
Also, from support I got to know that only limit order can be placed at tick size of 5 paise (that is 5%) It should be in the order of 1 paise.
Plus there are additional risks
I want to sell at any cost (Not buy). But with a SL-order. System is not allowing that.
One of the best decision taken by me. It was a huge amount of money.
Guys I made a huge mistake…remember it was showing trading at 0.45 levels and currently at 0.19 levels… I sold all my units at 0.19 in hope to recover whatever I can i lost 11500 rs .now I got email that they will buyback…please help me should I buy back those units?
Hi
At first place, how did you sell? There was no volume at all on Zerodha for UBSG1GPD-MF.
Actually, it’s not a buyback but the payout of around 8%.
Please clarify.
The amount payable to unitholders on extinguishing the above units (7.58% of outstanding unitholding) will be at the partial payment price per unit as tabulated in note attached herewith.
The partial payment price for each unit in the plans of the respective schemes is computed as the total amount available for distribution in the plans divided by total outstanding units being extinguished in the plans.
For units held in physical/ statement of account mode, 7.58% of the outstanding unitholding as on 12 June 2020 will be extinguished towards partial payment and will be distributed to unitholders by 17 June 2020.
For units held in demat mode, 7.58% of outstanding unitholding as on 19 June 2020 (i.e. the record date) will be extinguished towards partial payment and will be distributed immediately after the record date. NRI unitholders will also receive their payment on the same date, after deduction of TDS, as applicable.
The amount will be directly credited to the unitholders’ registered bank account and in the absence of registered bank account, physical instrument will be dispatched. Further, unitholders whose distributable amounts are less than Re.1 will not receive any payments. An intimation vide an account statement will also be sent to investors holding units in physical/ statement of account mode.
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Will this amount be credited to our bank account or kite account?
Please read.
Did anyone receive the Vodafone interest that was suppose to be paid to the Unit holders?
I haven’t got it yet
Me neither.
I have UBSG1GP-MF. What is maturity date of these?
The Segregated units of FTUSB fund (UBSG1GPD-MF) that were present since segregation in my Kite Holdings have disappeared since yesterday.
Did not get any intimation regarding that.
Have not yet received any amount in Bank account either.
Pl. clarify.
hey @Bhuvan what’s your take on this? I mean like are ultra short bond funds that invest in treps safe or should we expect something like this to happen ?
Also does Ultra short bond funds have TDS , and are they safe? If not what are the risks?
At the risk of stating the obvious, the safety of the fund depends on the portfolio. So, making sure you stick to funds that invest only in govt securities, and AAA/A rated instruments is a good thing.
Nope.
Read this post
I am saying with reference to this thread. Leave all other funds, just consider Franklin Templeton’s ultra short fund. I am pretty sure they had treps & gov securites in their portfolio. So why did they fall to 4%, ? Just say with reference to Franklin Templeton’s ultra short fund. I am just trying to grasp how safe ultra short fund is and how much will be loss if there is an event.
I see , ultra shorts MF growth does not TDS like tax on dividend income like liquidbees. Am I correct,?
Franklin one had lower rated bonds and faced trouble when things went south. They had to close down and return money i think - there were multiple funds from franklin which closed down. Before that it had a high yield, because it held those kind of bonds. So basically it was a credit risk + ultra short term bond. Not all ultra short term funds will do that, i think most don’t.
So you have to read what the fund can and cannot do and also look at portfolio. treps, repo etc are all safe, treps has collateral with 3rd party, look it up. I put a lot of trading capital in overnight funds, and they hold treps and similar things (and in return yield is lower). Liquid funds also are generally safe.
yeah, just take growth funds to avoid dividend always. Irrespective of TDS, dividend is anyway tax inefficient. I only hold growth funds, TDS cannot apply there as its taxed only when you book gains.
Their funds had the riskiest of risky papers and when COVID hit, they couldn’t see forcing them to wind down schemes.
This is the gist of it.
No growth schemes have TDS.
can you explain this better, I mean with regards to ultra short mutual fund growth ?
I searched this forum and didnt understand below line
Is TDS going to be collected even for overnight mutual funds growth ?? will it show in 26AS? will show it in AIS??
Doesn’t matter if its equity or debt, growth plans of mutual funds have no TDS.
Same asnweer as above.
That is specific to liquid ETFs. The way those ETFs work is the NAV is constant and the returns are in the form of cash or unit dividends. On dividends, a TDS of 10% is applicable above Rs 5000.
https://www.amfiindia.com/investor-corner/knowledge-center/tax-corner.html