There was a happy surprise for investors in Franklin Ultra Short Bond Fund recently. In January 2020, the AMC had side-pocketed its investments in Vodafone Idea bonds. In June 2020, Vodafone Idea made interest payment on these bonds and you would have received some payment. On July 10, 2020, the 8.25% Vodafone Idea Ltd. bond matured, and Franklin schemes received the … [Read more...] about Franklin Debt MF: Vodafone Idea Payment (Segregated Portfolio): How will it be taxed in your hands?
Franklin ultra short duration fund
I have written about side-pocketing of debt mutual fund in a previous post. We discussed the pros and cons. One topic we didn’t discuss in that post was the taxation of proceeds from side pockets or segregated portfolios. In this post, we take a stepwise approach to understand how proceeds from MF side pockets or segregated portfolios are taxed. If you were an investor in … [Read more...] about How Mutual Fund Sidepockets are taxed?
After Franklin debt mutual funds winding up last week, many debt mutual funds investors are in a shock. Not just those whose money got stuck in one of the six closed Franklin funds. Even other investors are worried about their debt mutual fund investments. They do not want a Franklin like closure happening with any of their funds. And their fear is not justified. If they … [Read more...] about How to find if your Debt Mutual Fund Scheme is safe?
Franklin Templeton AMC dropped a bomb yesterday. In a communication dated April 23, 2020, it notified that it is winding up 6 debt mutual fund schemes. Franklin Low Duration FundFranklin Dynamic Accrual FundFranklin Credit Risk FundFranklin Short Term IncomeFranklin Ultra Short BondFranklin Income Opportunities Fund These are very popular schemes. The combined … [Read more...] about Franklin winds up 6 Debt MF schemes: What does it mean?
On January 17, 2020, many debt mutual fund investors with Franklin AMC woke up to a nasty surprise. NAVs of many popular debt mutual fund schemes from Franklin had gone down by 4-7%. Why did this happen? Many of Franklin debt mutual fund schemes held debt issued by Vodafone-Idea. What about Vodafone-Idea? On January 16, 2020, The Supreme Court of India dismissed the … [Read more...] about Loss in Franklin Debt Mutual Funds: What should you do?