Adjudication Order in respect of 9 entities in the matter of Franklin Templeton Mutual Fund SEBI Judgment Law

At the end of the quarter, the combined AUM/AUA of our private equity and real estate funds stood at around Rs. 495 Cr. The average AUM of our Mutual Fund schemes during the quarter ended March 31, 2018 stood at Rs. 16,365 Cr; comprising of Rs. 11,313 Cr in equity schemes and Rs. 5,052 Cr in debt schemes . The average AUM of our Mutual Fund schemes during the quarter ended December 31, 2017 stood at Rs. 16,633 Cr; comprising of Rs.11,459 Cr in equity schemes and Rs. 5,174 Cr in debt schemes. The lending book of JM Financial Credit Solutions stood at Rs. 7,339 Cr as on March 31, 2018. We have successfully entered the Kolkata and NCR market and these two geographies constitute 11.1% of JM Financial Credit Solutions Loan Book. The average AUM of our Mutual Fund schemes during the quarter ended June 30, 2018 stood atRs.12,073 Cr; comprising of Rs.7,955 Cr in equity schemes and Rs.4,118 Cr in debt schemes .

The consolidated net worth as at September 30, 2016 stands at Rs.3,012 crore and the debt equity ratio is 2.8 times. The average AUM of our Mutual Fund schemes during the quarter ended June 30, 2016 stood at Rs. 12,756 crore; comprising Rs. 6,253 crore in equity schemes Rs. 6,503 crore in debt schemes. At the end of the quarter, the combined AUM/AUA of our private equity and real estate funds stood at around Rs.751 crore. Vishal will lead the Group strategy in his position as Managing Director of the holding company, JM Financial Limited. The Board will continue to remain actively engaged with the business as always with continued focus on value based and compliant business practices for calibrated growth. All the Business Unit leaders will continue to lead the business working closely with Vishal.

The Case for a Parliamentary Budget Office in India

They must tell customers the purpose of the information and the organizations they will share the information with. Card issuers shall immediately send a confirmation after blocking the card. The terms shall specify the time for a reversal of failed transactions and the compensation payable for failure to meet the specified timeline. The official RBI website prescribes the new rules as master directions. These are meant to provide just treatment for debit and credit services customers.

There have been positive actions by the government by way of the distressed fund which is committed to providing last mile funding to the real estate sector. We have also seen interest from foreign funds in the sector as can be witnessed by the transactions that have taken place in the sector. We have managed to reduce our SMA2 numbers from 1.94% of the portfolio to 0.73% of the portfolio. We continue our involvement with our borrowers to identify early signs of stress and find solutions. During the quarter, in IPO financing business, we funded 8 public issues wherein the aggregate amount of funding was around Rs. 14,647 Cr. The Walkathon has been instrumental in improving the lives of many since its inception.

Back-to-office plans: Lifestyle, apparel and footwear companies upbeat about reopening

He helps them identify their financial goals and assists them in developing a comprehensive financial plan. He also has a strong commitment towards a high-touch and relationship-oriented approach. After working on the distribution side of the business, Rajan joined Franklin Templeton Investments. He worked there for seven years, last serving as the Regional Manager for South India. We at KW Wealth Advisors, are delighted to announce that we are changing our company name to Vintage Finvest Services Private Limited with effect from 16th June 2020.

The AUM of our wealth management business stood at Rs. 23,755 crore as on June 30, 2016. India continues to attract significant equity flows from both foreign and domestic investors and the Institutional Business is well geared for this opportunity. Our international offices in Mauritius, Singapore and USA have also helped us to establish difference between cheque and dd new relationships with investors focused on the Indian equity markets. During the quarter, the Institutional Equities business hosted its 6th annual investor conference in New York in March 2016. The conference was extremely well received with strong participation from both leading corporates and large institutional investors.

• It may be noted that in banking business, banks either on standalone or in consortium with other banks lend money and in turn expect return in form of interest payment and return of principal amount on closure of loan term.
• These investment banks identify cash-generating assets such as bonds, mortgages, loans etc., and group them to create a single financial product.
• This single tranche opportunity also promises substantial rewards on investment.
• Some of the causes supported by the Walkathon are education & health programs for the underprivileged and differently abled, animal welfare, promotion of sports, music & culture and disaster relief.
• Hence, in this regard the contentions raised by the Noticees are not accepted since citing other fund houses for alleged deviations doesnt justify the deviation of FT-MF.

CRISIL Research anticipates wholesale financing by NBFCs to grow at 23% to 26% CAGR over the next two years to ₹ 2.0 trillion by Fiscal 2019. Over the next five years, CRISIL expects NBFCs assets to grow by 20% to 25% CAGR from Fiscal 2017 to Fiscal 2022 due to increasing need for funds post implementation of Real Estate Act, 2016 (“RERA”). During the quarter, Banks/NBFCs announced various NPA portfolio auctions and we continued to actively participate in the same.

A blockbuster year for public offers despite hiccups

Only after the senior holders are paid the holders in the other tranches, such as mezzanine and junior are, paid according to their credit ratings. Trustees have further contended that the record demonstrates that the HeadRisk Management had direct access to the Boards of the AMC and the Trustee. The boards considered the HeadRisk Managements views at every board meeting and duly deliberated upon the items presented by him. The Board sought the investment teams views on these matters as well. This instance indicates that there is no independence in reporting to the board.

• With India minting unicorns at a record pace, the investment product available on Grip’s platform will provide a unique opportunity to retail investors to turn to indirect equity shareholders in promising companies.
• During the quarter, the Institutional Equities business hosted its 6th annual investor conference in New York in March 2016.
• Do Download the app to get real time order updates, get notified about new securities, get instant access to public issues of debt securities and learn about bonds investment and more.
• It is noted that during the period of October 2019 to March 2020 there were 8 instances of put options in FIUBF scheme which the FTMF had not exercised and the total market value of that securities as on the date of put option was around 900 Crore.

In spite of the pandemic we achieved good results with total recovery of ~Rs 1,192 Cr in FY 21 through the Corporate Insolvency Resolution Process, SARFAESI and settlement. Going forward, our focus would remain on recoveries and resolution while we continue to work with financial and strategic investors for acquisition. The outstanding Security Receipts stood at Rs. 10,885 Cr as on June 30, 2021 as compared to Rs. 11,060 Cr as on March 31, 2021. The contribution of JM Financial Asset Reconstruction Company Limited towards the Security Receipts stood at Rs. 3,150 Cr as on June 30, 2021 as compared to Rs. 3,193 Cr as on March 31, 2021. Until June 30, 2021, we have acquired total outstanding dues of Rs. 62,116 Cr at a gross consideration of Rs. 17,477 Cr.

Mudra Loans: How the government created its golden goose

While COVID-19 may not have a direct impact, the evolving global and domestic economic slowdown will impact demand and realisations. The cash flows of our business depends on the cash flows of companies which we have lent to and hence these could be impacted basis the sector exposure. We continue to closely monitor the external environment and will remain prudent in our business planning over the next few quarters as the impact of the pandemic is uncertain. We are focused on building strong resilience so that we can keep moving, ahead of the downturn. The Group is headquartered in Mumbai and has a presence across 456 locations spread across 154 cities in India. The Group is headquartered in Mumbai and has a presence across492locations spread across166cities in India.

Over the last few years, the integration amongst the various sub businesses in IWS has worked extremely well. We believe that the new realignment will scale our businesses from the current levels and also ensure focus on new initiatives. The average AUM of our Mutual Fund schemes during the quarter ended September 30, 2021 stood atRs. 2,089 Cr; comprising of Rs. 551 Cr in equity schemes and Rs. 1,538 Cr in debt schemes . The average AUM of our Mutual Fund schemes during the quarter ended June 30, 2021 stood at Rs. 2,135 Cr; comprising of Rs. 522 Cr in equity schemes and Rs. 1,613 Cr in debt schemes . The average AUM of our Mutual Fund schemes during the quarter ended December 31, 2021 stood atRs.2,020Cr; comprising ofRs.578Crin equity schemes andRs.1,442Crin debt schemes .

India will get very meaningful FDI and FII flows sooner than later: Abhay Agarwal

Investment Advisory and Distribution business offers Wealth Management, Equity Brokerage and Distribution Services. While I will continue to remain an integral part of the Group, it will be in a purely non-executive position as the Chairman of the Group and as a director on the Board of Directors of a few companies. Mutual fund mobilization was to the tune of Rs.30,846 crore and IPO distribution was to the tune of Rs.2,922 crore during the quarter. As Sole financial advisor to Hotel Leelaventures Limited on the closure of the Leela, Goa to Medtube Group. The Institutional Equities Business saw higher growth trajectory and good client interaction during the quarter. The Earnings per share and Diluted Earnings per share, for the quarter ended June 30, 2015 is Rs. 0.92 and Rs. 0.92 respectively .

• We have research coverage of 171 stocks and cover over 200 institutional investors that include marquee long only FIIs, hedge funds, sovereign funds, domestic mutual funds and insurance companies.
• The CDO in particular enabled monetary establishments to obtain investor funds to finance subprime and different lending, extending or growing the housing bubble and generating large fees.
• As and when the credit markets are in position and having a fixed rate of interest are way low, the ones in search of investment income should try even harder as the products are however vastly diversified or one can say hugely varying from each other.
• The rating of the Secured NCDs by ICRA and India Ratings indicates high degree of safety regarding timely servicing of financial obligations.

A mortgage loan is a type of loan obtained by persons who want to buy a home but lack the cash. Mortgage loans are long-term loans with a fixed interest rate and monthly payments. A mortgage loan requires periodic payments for the life of the loan.

They are referred to as collateralized as a result of the promised repayments of the loans are the collateral that offers the CDOs their value. For those who haven’t seen it, the film goals to elucidate the sophisticated financial crisis of from the point of view of four groups of finance guys who predicted after which correctly bet on the collapse of the credit and housing markets. At the heart of the issue were collateralized debt obligations , packages of mortgage loans that had been legally put together by banks and offered to buyers, who jumped on the likelihood for top returns. As demand for CDOs grew, banks started issuing dangerous mortgage loans, which are extraordinarily risky because there’s a higher likelihood that debtors won’t be capable of pay them off. However, as per Trustees submission, it may be noted the strategy adopted by these schemes involved these investing to a greater extent in below AAA rated securities of lesser-known issuers with good credit and attractive yields.

We have recently entered the Kolkata market and plan to selectively enter into new geographies to expand our business. In light of the prevailing stress in the Real Estate sector, we have been extremely selective and continue to remain focused on the asset quality. In the Distribution business, we have a large network of over 8,300 active Independent Financial Distributors who distribute various financial products across the country. During the quarter, we helped corporates mobilize more than Rs.750 Cr in fixed deposit schemes and fixed income products. In the Distribution business, we have a large network of over 8,200 active Independent Financial Distributors who distribute various financial products across the country.

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