Understanding Winding Up of Franklin's 6 Debt Funds, its Impact and How to invest/ Redeem in Debt and Equity Mutual Fund

On April 23, late evening, Franklin India Mutual Fund shut down 6 debt mutual fund schemes. No financial transaction – Purchase, SIP, STP, SWP, or Redemption would be allowed after April 23, 2020 1:00 pm cut off time. These schemes are: Franklin India Ultra Short Bond Fund, Franklin India Short Term […]

Brexit and its effect on NRI Investments in India – An analysis

Understanding Brexit: Brexit means BRitain’s EXIT from the European Union (EU). EU is an economic and political partnership involving 28 European countries. It has grown to become a “single market” making goods and people to move within EU very easy. The objective of Brexit was to restrict aid going out of […]

Important update for MF Investors who completed KYC formalities before January 1, 2012

Individual Mutual Fund Investors, who completed KYC prior to Jan. 1, 2012, are required to submit ‘missing/not available’ KYC (Know Your Customer) information and complete the IPV (In Person Verification) for investing in a  new mutual fund after Nov. 30, 2012. SEBI (Securities and Exchange Board of India) vide circular MIRSD/SE/Cir-21/2011 […]