Day Trading Stocks & Futures

[TraderRavi]

https://twitter.com/i/web/status/1253360701063782400

https://twitter.com/i/web/status/1253363423401979904

 

[MSN1979]

https://twitter.com/i/web/status/1253360701063782400

https://twitter.com/i/web/status/1253363423401979904

reminds me of movie the big short, a disaster in making, what happened in movie may not happen real time

 

[timepass]

Why? Will this have any effect on market tomorrow?

My question too. Looks like another Lehman moment.

 

[siddhant4u]

reminds me of movie the big short, a disaster in making, what happened in movie may not happen real time

actually that was documovie...

tomorrow onwards many will try to pull out all their money from all sort of debt funds.... soon you ripple will be faced by market too

 

[novicetrader007]

actually that was documovie...

tomorrow onwards many will try to pull out all their money from all sort of debt funds.... soon you ripple will be faced by market too

I have some money on debut funds.

Shall I withdraw?

 

[soft_trader]

Here is the news link:

https://economictimes.indiatimes.co...-up-six-credit-funds/articleshow/75330181.cms

Franklin Templeton voluntarily winds up six credit funds

“In light of the severe market dislocation and illiquidity caused by the Covid-19 pandemic, this decision has been taken in order to protect value for investors via a managed sale of the portfolio,” Franklin Templeton said in a late evening release.
The fund house said this action is limited to the mentioned funds, which have material direct exposure to the higher yielding, lower-rated credit securities in India that have been most impacted by the ongoing liquidity crisis in the market.

 

[siddhant4u]

Here is the news link:

https://economictimes.indiatimes.co...-up-six-credit-funds/articleshow/75330181.cms

Franklin Templeton voluntarily winds up six credit funds

“In light of the severe market dislocation and illiquidity caused by the Covid-19 pandemic, this decision has been taken in order to protect value for investors via a managed sale of the portfolio,” Franklin Templeton said in a late evening release.
The fund house said this action is limited to the mentioned funds, which have material direct exposure to the higher yielding, lower-rated credit securities in India that have been most impacted by the ongoing liquidity crisis in the market.

it's clear that they can't liquidate rest of bonds. Good quality ones won't have issue with liquidity. So one can assume rest of AUM is stuck in bed quality bonds...

 

[siddhant4u]

MF AUM upto March ' 20

 

[afin]

sh$t has hit the fan...

Franklin templaton has froze 6 major funds.

- Franklin India Low Duration Fund,
- Franklin India Dynamic Accrual Fund,
- Franklin India Credit Risk Fund,
- Franklin India Short Term Income Plan,
- Franklin India Ultra Short Bond Fund, and
- Franklin India Income Opportunities Fund.

Total AUM of Rs. 28,000 cr. is stuck now. These schemes will not allow any further transactions, no purchases, no redemptions

Doesn't surprise me one bit. I am truly sorry for all those people who are invested in its ultra short term debt funds!

 

[sridhga]

https://twitter.com/i/web/status/1253360701063782400

https://twitter.com/i/web/status/1253363423401979904

Have you guys seen the balance sheets of listed Insurance companies? Most of them invested in these corporate bonds and funds. These companies have to take a large M2M hits and their policy holders may not get bonuses. Funds can wind down. But Insurance policies cannot.