The US 10-year bond yields could cross 5% once again if the US government’s fiscal deficit widens further, said Sonal Desai, chief investment officer of Franklin Templeton Fixed Income. In an interview with Nishanth Vasudevan, Desai, who oversees $211 billion of assets under management globally, spoke about what’s in store in 2025, US bond yields, … Read more
NFO alert: Franklin Templeton India has introduced the Franklin India Long Duration Fund (FILDrF), a debt fund that caters to long-term investments. This open-ended fund is suitable for investors with a time horizon exceeding three years and will mainly invest in government bonds, corporate bonds, as well as money market instruments such as treasury bills … Read more
Franklin Templeton Asset Management India is set to re-enter India’s debt market with a new fund offering, marking its return after the unexpected closure of six funds in April 2020. The launch of the Franklin India Ultra Short Duration Fund comes more than four years after the asset manager halted $3.7 billion in debt schemes … Read more
India is setting up a fund worth Rs33000 crore ($4 billion) to provide liquidity to its corporate debt market during bouts of stress, to help stem panic selling and ease redemption pressures, an SBI Mutual Fund executive told Reuters. Asset managers would contribute 10% of the fund, deputy managing director DP Singh said. According to … Read more
“At the market level what happened in 2022 will have a bearing on the 2023 market returns. We had a very good year in 2022 but let us face the facts, in the near term we are likely to see a deceleration in the economy in fiscal 24 or calendar 23,” says Janakiraman R, Franklin … Read more
ICICI Prudential Asset Management Company is planning to raise up to Rs 2,000 crore through its maiden credit alternative investment fund (AIF) amid increasing demand for private credit. It will invest in the performing credit space with a credible promoter backing. It will aim to generate an 11-13%internal rate of return (IRR) with a four-year … Read more
In another blow to Franklin Templeton AMC, Sebi has decided to fine the CEO, CIO, debt fund managers and other top officials in the case of shutting down of six debt mutual fund schemes in 2020. Sebi has decided to put a monetary fine of Rs 3 crore on CEO Sanjay Sapre and CIO- Santosh … Read more
By Moxy Ying, Abhishek Vishnoi and Ishika Mookerjee Even as traders in India fret over how much more pain the nation’s uncontrolled coronavirus surge will inflict on local stocks, some seasoned investors are getting ready to dip their toes back into the market. Concerns that a fresh round of lockdown-like rules triggered by the new … Read more