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Plz tell me that what due diligence your fund house do before investing in any debt paper.
Change such FM immediately who do not have basic knowledge
It is not fair on the part of small investor, you could have waited some more time till the guidelines come from AMFI/ SEBI. You could have stopped accepting fresh deposits. Many big investors already exited the holdings.
What you have done was not in interest of ongoing investors. You should have blocked new investment s completely after 100 percent write-off..
SEBI should issue guidelines for such cases..
Loss all my faith in your fund house.why should we invest in this fund or fund house who destroyed more then 2.5 lakh in two disaster. Looking to low duration fund I parked my money & thought that I will withdraw it as & when needed but one horrible morning a saw all my gain wipe out by your fund house. I want to exact time for restoration of NAV otherwise I will quit & never recommend such value destroying fund .
Reply me immediately
Respected Sanjay Sapre Sir, As your expertised in fixed income schemes like Fiubf & Fildf where Clients deposit money under one year tenure and your dent in above scheme are 4.2% & 6.5% in Nav this is justifying to Yours slogen to Reach for Better
Kindly handling this matter Very seriously and recovery the Nav as soon as possible for your FT Brand Valu of Experience & Expertise in the Industry for a long time
The group exposure of Voda idea in Franklin is so huge that it has spilled over across all its debt schemes . The investors who had invested in short & ultra short funds have been exposed to the same kind of risk as in credit risk funds. Hard lessons learnt again. The debt category keeps mystifying both investors & distributors.
Please specify period in which probem is sorted out. Clients are getting panic.
Ulta short fund is showing - 6% returns to my investor,how do I convinced him to better returns with in 2 to 3 years
Dear Sapre ji, its a bold step and in favour of existing investors. There is good interaction with debt fund manager but it is equally important to interact with Risk management team. To me your investment processes are very well documented and also communicated to distributors.
First timers are always questioned!!
Dear Mr. Sanjay Sapre,
Good to see you in the media giving your perspective on this major issue.
You are talking about fair valuation process and yes you have to make
judgment on the valuation but should not give heart attacks to Investors and
This security has no collateral value but you guys have invested in majority
of your debt schemes with the exception of equity schemes.
Hope you have a clear investment process and on top of that you have a
credit risk management team.
As an advisor, I wanted to interact more with the risk management team than
the fund manager.
Competency and expertise will be tested only during tough times.
Risk management head plays a major role than the fund manager as Debt
schemes have huge asset liability mismatch. Investors can withdraw 100% of
the investments at any time by paying prescribed exit loads.
Ask him the inflows in Ultra Short, since the marking down.
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