Four schemes of Franklin Templeton have an exposure of ₹493.3 cr to Essel firm, as per data.
Karvy Stock Broking has about 12 lakh clients, out of whom 3 lakh are active clients.
Many mutual fund houses are coming up with new fund offers and financial planners believe that investors should consider them only if the scheme offers something new. However, an NFO is different from an IPO.
As per Amfi guidelines, after a downgrade below investment grade for a company in the infrastructure sector, a scheme should mark it down by 15%.
There are many instances in life, when there is an urgent requirement of funds. To take care of those needs, investors need to build a small kitty of their own.
This move comes after payment default; three schemes of the fund house have exposure to company’s debentures.
When the benchmarks scale new peaks, what must small investors do? That answer lies in their risk appetite, which by itself is a function of familiarity with D-Street.
As the securities get segregated, the net asset value of the schemes that hold those would fall to that extent.
The fund house pointed out that repayment of the Adilink NCDs is expected to be done through the monetisation of the road assets which are pledged to it as security.
There are 37 mutual fund schemes available that invest in international markets.
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