To subscribe to our emailers, all you have to do is fill in these basic details and click the Submit button. You will start receiving regular mails from Wealth Forum updating you on fresh content on our site.
Really great session & proud moment to heard 4 of you after a very long time...... Will sure come out from such a situation in the market positively ......
Very valid points by Amit and Shiney. Her thoughts on communication is absolutely brilliant.
What a great archestartion! Simply the tone is that its all responsibility(headache ) of the Advisor! Poor fellow. Clearly the preventive action for the advisor is to simply stay away from the entire category of debt. Its impossible to monitor the misdeeds of these highly calibered investment managers. At end of it, the advisor has to bear the brunt as he/she is the front end of the chain. Also , loss of reputation for the industry itself will naturally result in loss for the advisor as some loss of AUM will invariably occur in Equity also.
We understand that all these Credit Risk funds were earlier Corporate Bond funds about 2 to 3 years back and as spread were quite attractive vis-a-vis GSec and these funds were earning handsome returns. But FT also did have in Low Duration and Ultra Short Fund having high proportion of Lower credit rating papers which should not have been done. A tad lower return wouldnt have dented the fortunes of the Fund house in question.
It is advisable to redeem other than AAAM
ALL AMC should unite and find solution immediately, or else no AMC will be unaffected . Because if Franklin steps of winding up results in investors interest, all other AMC will suffer a lot.
I completely agree.. the headline is catchy but pls remember that headline is what many readers go by
Agreeing in toto with my friend Ketan here. Look forward to due cognizance.
A very dangerous topic name by a esteemed Wealth Forum. Its like news sensationalism...nobody reads the question mark... The new IFAs will just read the topic name and start exiting Credit Risk Funds...which will be run on Money... Just wat shud not happen now. Request Sr Members view and ask WF take corrective action NOW