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Opinion | How proceeds from the units of discontinued mutual funds will be taxed

Every time money gets paid, the investor’ll have to compute gains or losses

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The number of folio count in debt-oriented schemes dropped by 4.37 lakh to 60.91 lakh at April-end from 61.35 lakh at March-end  (Photo: iStock)
The number of folio count in debt-oriented schemes dropped by 4.37 lakh to 60.91 lakh at April-end from 61.35 lakh at March-end (Photo: iStock)

Mutual funds add 7 lakh folios in April, total tally surpasses 9 crore mark

According to data, the number of folios with 44 fund houses rose to 9,04,28,589 at the end of April, from 8,97,46,051 in the end of March, registering a gain of 6,82,538 folios

Sentiment soured after Franklin Templeton, a big buyer of high-yield Indian notes, shut six debt funds in April
Sentiment soured after Franklin Templeton, a big buyer of high-yield Indian notes, shut six debt funds in April

Mutual funds still refuse to buy all but the safest debt

Finance Minister Nirmala Sitharaman earlier this month announced a $4 billion credit line for non-bank firms

The Sebi mandate would have a direct impact on the six shuttered schemes of Franklin Templeton India with total assets under management of  ₹25,856 crore.
The Sebi mandate would have a direct impact on the six shuttered schemes of Franklin Templeton India with total assets under management of 25,856 crore.

Sebi's exchange exit option and what it means for Franklin Templeton investors

  • Sebi has made it mandatory for the units of schemes undergoing winding up to be listed on stock exchanges
  • It could see a secondary market evolves for these units in the coming days. Exchanges and Sebi are currently working on modalities of listing these units

Photo: iStock
Photo: iStock
Nippon India Quant fund was established in 2008 as the Reliance Quant Fund, the first of its kind in India.
Nippon India Quant fund was established in 2008 as the Reliance Quant Fund, the first of its kind in India.

Secret behind an Indian quant mutual fund outperforming peers this year

  • Even as profit expectations got smashed due to the pandemic, the Nippon India funds model fared better as it didn’t have earnings estimates in its quantitative mode, says the fund manager

The debate centres around the interpretations of 24-year-old mutual fund winding-up norms crafted by Sebi. (Photo: Bloomberg)
Photo: iStock
Microsoft, Apple and Amazon are each worth more than $1 trillion (Bloomberg)
Investment through the systematic investment plan (SIP) route in equity mutual funds was steady at  ₹8,376 crore in April
(Photo: iStock)
(Photo: iStock)

Investors rush to exit risk funds

  • Debt funds save the day for MFs amid Franklin Templeton crisis in April as investors tap other categories, driving up overall assets under management
  • Inflows from systematic investment plans fell marginally to 8,376.11 crore from 8,641.20 crore in March

Equity funds received a net  ₹6210 crore in April
(Photo: Mint) (=)
Sebi’s 10% cap on investment in unlisted NCDs and CPs improved secondary market liquidity, Amfi said. (Photo: Reuters)
Photo: iStock (Photo: iStock)
Photo: iStock
Investor redemptions from the credit risk funds have slowed in the past few days, but still total about  ₹14,100 crore since April 27,
Investor redemptions from the credit risk funds have slowed in the past few days, but still total about 14,100 crore since April 27,

Mutual funds forced to sell less liquid corporate bonds at high spreads

  • The RBI took steps to inject more liquidity into the fund industry through bank loans after Franklin Templeton shocked markets by shutting six debt funds last month
  • But lenders have held back

From left) Deepesh Raghaw of PersonalFinancePlan, Kartik Jhaveri of Transcend Consulting, Melvin Joseph of Finvin Financial Planner, and Malhar Majumder of Positive Vibes Consulting and Advisory
From left) Deepesh Raghaw of PersonalFinancePlan, Kartik Jhaveri of Transcend Consulting, Melvin Joseph of Finvin Financial Planner, and Malhar Majumder of Positive Vibes Consulting and Advisory

How to build low-risk debt portfolio post Franklin fiasco

Experts say a combination of certain categories of debt funds along with other products can help build a low-risk debt portfolio

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