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DEEPAK FERTLISER

BLASTING 17%

🎯🎯
MANY QUERY ON
DEEPAK NITRITE

Franklin India Small companies fund
Holding 4.17% in Deepak Nitrite worth - 261.53cr

Templeton have closed only 6 Debt Fund.

As Soon As market Realises Nothing to do with it.

In Short term we can see some Moee pressure

Stock would again Bounce and start Recovering.

Stay Invested with Patience.
Detail Clarification about Franklin Templeton MF winds up six debt funds due to COVID - 19

Six schemes of Franklin Templeton Mutual Fund - 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 were *wound up due to increasing redemption pressure, slowing inflows and worsening liquidity in the debt market*

In the first instance of covid-19 impact on debt funds, the trustees of Franklin Templeton India have decided to wind up six open ended debt schemes - 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.

Sharing the rationale, Sanjay Sapre, President, Franklin Templeton India said that the coronavirus pandemic has created liquidity crunch and unprecedented redemption pressure in the debt fund space. *β€œWe have been witnessing heightened redemption pressure and reduced inflows in these schemes. It would be extremely difficult for the debt market to generate adequate liquidity to handle these pressures.* In our view, normalcy will not be restored in the debt market sooner or later. Hence, *we have wound up these schemes to protect value for our investors.* It is the only viable means to secure realization. *We remain fully committed and aligned with the interests of our investors* and aim to assist the trustees to fully exit the managed credit strategy funds at the best possible value.”

With this, the *fund house will not allow any fresh subscription and redemption in these schemes with effect from April 23, 2020. This includes purchases or redemptions through SIPs, STPs and SWPs.* That means, it would not be possible for your clients to do STP in equity funds if they have invested in any of these schemes.

These *six schemes have combined AUM of Rs.26000 crore.*

The fund house will return the money to unitholders in a staggered manner based on scheme’s portfolio maturity. The fund house will either wait for maturity of securities or sell securities at reasonable amount without causing impact cost. This essentially means, funds having short term debt securities like short term funds and ultra-short term funds will return the money more quickly than credit funds.

The fund house will not change fund management fees during the period of winding up. However, investors will have to bear other expenses like RTA fees and brokerage if any.

In addition, the side-pocketing pocketing exercised in these schemes will remain intact.

In a press release, Santosh Kamath, CIO, Franklin Templeton Fixed Income India, said, β€œWe have been managing many of these funds for over a decade, and some, for over fifteen years. While these funds are getting wound up, accruals into these funds should continue in the same way as now, as the underlying securities held by these funds remain sound. While for many years, these managed credit funds have carefully invested in and supported growing businesses in India, unfortunately the extreme drop in liquidity in the bond markets, coinciding with very large redemptions following the COVID-19 outbreak has compelled us to make difficult decisions in order to protect the interest of the funds’ unitholders.”

Sanjay Sapre President of FT further said, β€œWe are committed to our partners and investors. We have taken this difficult decision to protect our unitholders. The current circumstances in the debt market due to covid-19 pandemic do not look good for investors and hence, it is better to restrict the value of funds from further erosion.”
Wealthcreatures.com
MANY QUERY ON DEEPAK NITRITE Franklin India Small companies fund Holding 4.17% in Deepak Nitrite worth - 261.53cr Templeton have closed only 6 Debt Fund. As Soon As market Realises Nothing to do with it. In Short term we can see some Moee pressure…
All after Clarification

One this is clear no STOCK would get impacted due to Franklin MF winding down is schemes worth 28000cr which they had declared yesterday

As all 6 schemes are DEBT FUND.so not Equity shares would be effected

Monday Can see Bounce Back in Deepak Nitrite
RBI ANNOUNCES 50000 CR SPECIAL LIQUIDITY FACILITY FOR
MUTUAL FUND
https://wealthcreatures.com/2020/04/06/sterling-wilson-solarsws-new-ipo-from-shapoorji-pallonji-group-and-khurshed-yazdi-daruvala-available-at-90-discount-to-ipo-price/

An Brand Ipo from - Shapoorjo pallonji group

πŸ’’ STERLING & WILSON SOLAR LOCKED IN UPPER CIRCUIT

πŸ’’ 84 TO 158

πŸ’’ STOCK UP 90% IN JUST 20 DAYS

πŸ’’DONT BE IN HURRY TO BOOK PROFITS THIS CAN EVEN DOUBLE FROM CMP
https://wealthcreatures.com/2018/05/04/pc-jewellers-multibagger-to-no-where/

🎯 DOES ANY STILL TALKS ABOUT PC JEWELLERS

🎯 WE ALERTED TO STAY AWAY FROM SUCH STOCKS.

🎯 SOON IT CAN BE PENNY STOCK

🎯 RS.500 LEVELS TO RS.7.75 πŸ’”πŸ’” IN JUST 2 YEARS.

NOW TRADING AROUND - 12

🎯 MANY SUCH STOCKS STILL THERE IN MARKETS - CHECK FUNDAMENTALS & PATTERS & TRACKING THEM EARLY VERY IMPORTANT

πŸŽ―πŸ”œπŸ”œπŸ”œ SOON COMING WITH A REPORT ON STOCKS TO STAY AWAY
FROM MANY DAYS HAVENT SEEN MOVES IN LIQUOR SEGMENT

KEEP ON RADAR

ANY ANNOUNCEMENT AND THIS ALL CAN SEE RUN UP ALL TRADING IN TIGHT CONSOLIDATION ZONE FROM PAST MANY DAYS

G.M BREWERIES - 368
MCDOWELL - 520
RADICO KHAITAN - 288
PIONEER DIST - 102
IOL IF SUSTAINED ABOVE 298 THAN NEW 52 WK HIGH COMING OR ELSE CAN AGAIN CORRECT TILL 275/260 LEVELS

IOL NOT TO MISS

ALREADY HAS RUNUP FROM 193 TO 298

ADD ON DIPS

STOCK TO KEEP IN PORTFOLIO
DEEPAK NITRITE

72 TO 106.40

ALMOST 50% UP TILL NOW

MORE UPSIDE COMING

110/120+

https://wealthcreatures.com/2020/03/30/deepak-fertliser-and-petrochemicals-can-it-again-rise-like-leader/