FRANKLIN TEMPLETON CLOSES SIX DEBT SCHEMES .
FR. Templeton in an unusual move closed six of its debt funds .
I would like to infer , opine and advise as below :
1. Are your investments at risk ?
Ans : NO
2. Will you get back all your investments with interest ?
Ans : YES
3. Is this move in the interest of investors ?
Ans : Yes
4. Can I transact in the folio by way of sell , switch etc
Ans : No
What happens next ?
1. FT will start liquidating underlying assets without resorting to distress selling .
Some of the papers will mature and will be redeemed with issuers or papers could be sold in markets to other buyers as and when situation permits .
The proceeds of these redemptions and sales will be paid back to investors in proportional manner .
Investors will start getting back these in tranches as and when liquidation starts ( I am given to understand that it will happen every month )
The whole process of closure and payment would be completed in a couple of months to may be 1 or 2 years max ( depending on covid 19 pandemic situation)
The portfolio has very good quality paper and current YTM ( yield to maturity ) is in excess of 10% .
There is no cause for any panic or alarm
Links to my previous videos:till now
HOW TO BE SUCCESSFUL IN THE STOCK MARKET
https://youtu.be/0TzRoXkO2g4
As a NRI Should I Keep My Savings As Dollars Or Rupees ?
https://youtu.be/RXjvOvYsDow
GOOD NEWS – CORONA & STOCK MARKETS
https://youtu.be/xOXamczhjgI
CORONA PANDEMIC: HOW AND WHEN WILL IT END? ECONOMIC FALLOUT?
https://youtu.be/Cztuub-hfs8
6 MISTAKES TO AVOID DURING MARKET CRASH
https://youtu.be/9Y2r08x2sJM
What does your portfolio valuation really mean ? https://youtu.be/VkEwq8g2oFM
Corona Pandemic: Lessons from Spanish Flu 1918 By Dr. Chandrakanth Bhat
https://youtu.be/RFr24m7rU0g
DEPENDING ONLY ON PENSION DURING RETIREMENT CAN BE A TRAP FOR YOU https://youtu.be/qLTkhCDe89g
WHY SHOULD YOU DEAL WITH MORE THAN ONE BANK ? https://youtu.be/GjDsxS2Kxuo
How to make money from stock market crash https://youtu.be/KejZ8nKpLPAhttps://youtu.be/UfNQkH3cmWE
CORONA VIRUS – IMPACT ON GLOBAL MARKETS – PART 1 https://youtu.be/MC5nAbWLkMo
CORONA CRASH 2020 – DOS AND DON’T FOR YOUR SURVIVAL
WHAT TO BUY? SHARES OR MUTUAL FUND?https://youtu.be/0nl9sPJBUQs
CORONA VIRUS (PART 2): IMPACT ON INDIAN ECONOMY – By Dr. Chandrakantha Bhathttps://youtu.be/Fo91G9hdXHQ
6 COMMON MISTAKES DURING RETIREMENT https://youtu.be/ivus9eJWKXMWhy Investors Fail ?
https://youtu.be/c8jxppcdXhs
Budget 2020: Impact on NRI’s (Part 2) Who and When Will They Get Affected?: https://youtu.be/Hq5iPSEWcAI
Budget 2020: Will NRI’s Overseas Income Be taxed Now? (Part 1) NRI Money Clinic: https://youtu.be/uXM9AKo9HrM
Why You NEED an Emergency Fund! by Dr Chandrakanth Bhat NRI Money Clinic:https://youtu.be/fBm8bokZI0c
Role of a Financial Planner: https://www.youtube.com/watch?v=KZPnnn3NqyM
What is the meaning of money? : https://youtu.be/AAxQ4ywScos
6 steps to generate good returns on your investments – https://youtu.be/AAxQ4ywScos
Don’t Buy a Life Insurance Policy Until You Watch This! https://youtu.be/q0adm_CKvew
NRI Money Clinic is a YouTube channel created by Dr. Chandrakantha Bhat , an investment consultant and financial planner in Dubai . It aims to spread financial literacy and educate on money matters for resident and non resident Indians . The channel discusses subjects like Fixed Deposits , Taxation , Mutual Funds , Insurance , Specific Issues pertaining to NRI community and every other investment opportunity. Dr. Chandrakantha Bhat can be reached on Whatsapp on +971 50 148 4595
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