Why voting is important for Franklin Templeton Investors

Franklin Templeton evoting on 26th December 2020 – Why voting is important for Investors

Imagine having money but not being able to withdraw it for emergencies or daily essentials.

That’s exactly what investors of Franklin Templeton have gone through in 2020. Not just them, the management too has been in distress and are looking for a solution to solve this crisis.

Here’s what transpired in April 2020:

Franklin Templeton Mutual Fund publicly announced that they wish to wind up 6 credit-focused debt schemes. This was not taken lightly and the issue reached court doors.

Due to the matter reaching court along with lockdown, the winding-up got delayed. But now investors get a chance to vote and decide the fate of those schemes.

Initial Voting Date – 26th-28th December (1st round)

Alloted Voting Time – 9 am (26th Dec) to 6 pm (28th Dec)

First Voting results – Undecided

Voting enrollment – Visit https://evoting.kfintech.com and cast your vote

First round Voting counting – In January 2021

Why voting is important?

Remote e voting is of the essence as the management of Franklin Templeton mutual fund can understand what the investors want. Here are the 6 schemes in question:

1. Franklin India Ultra Short Bond Fund

2. Franklin India Short Term Income Plan

3. Franklin India Credit Risk Fund

4. Franklin India Low Duration Fund

5. Franklin India Dynamic Accrual Fund

6. Franklin India Income Opportunities Fund

From April 2020 to November 2020 these 6 schemes under winding up have received over 11,576 crores from coupons, maturities, and pre-payments. The schemes have been faring well and hence investors are looking to redeem them immediately.

There are 2 scenarios post voting:

YES – If the investors vote for “YES” then as per Regulation 41, they allow the management of Franklin Templeton to decide on the redemption of funds. The trustees can do it themselves or authorize an independent consultant to plan and sell. There will be no need to make a distress sale immediately.

NO – If the investors vote for “NO” then as per rules, the funds will be reopened for investors to redeem or to make new purchases. As many investors want to withdraw their funds, there will be distress selling and the scheme will incur high losses.

Meeting on 29th – Investors can ask Trustees about this decision for the first time since April 2020. Voting will also be allowed in this meeting. Also, the trustees will ask the investors if they want to authorize the trustees to go ahead with the winding-up themselves or want to allow an independent consultant Deloitte to do the deed.

When will investors get their money back?

Please understand that you won’t get your money back in one shot. The redemption of your money will be made in timely installments. Only cash positive schemes (in profit) will be allowed to redeem.

The next round of hearings at the Supreme Court will resume in the 3rd week of January 2021. The results of evoting will be sent in a sealed cover to the court. A decision will be made accordingly.

You can also read – How to create wealth in India within 15 years

After this, the second round of voting will take place to give the investor’s approval for the authorized person to make the selling/redemption.

I believe, voting “YES” will allow you as investors to get the best out of your schemes. If they are sold via a distress sale, then it’s possible you might have to settle with lower or no profits. So vote accordingly.

Ayurvedic beauty products in India

Here’s what you should know about Ayurvedic Beauty Products

The origin of Ayurveda took place in India more than 5000 years ago!

Over these centuries, our ancestors have utilized the benefits of Ayurveda and passed them on to us. This made it simpler for us to face problems related to skincare routine and beauty.

With pollution, stress, and many other factors, skincare and beauty products have been in high demand. While there are various options available, people now are resorting to Herbal Beauty Products and Ayurvedic Beauty Products in India.

Ayurvedic Beauty Products in India

Why are people opting for Ayurvedic Beauty Products in India?

Ayurvedic beauty products in India are well known for various benefits such as,

1. Natural and 100% Pure:

Herbal and Ayurvedic Products in India are known to be extracted from natural sources and in their purest form. Hence what you get in the end is a pure product that can help you get the best result for skincare treatments.

2. No side effects and adverse reactions:

Unless your face has reactions to certain ingredients, ayurvedic products don’t have side effects on your skincare. Yes, they offer safety from after-effects when compared with non-herbal products.

At some point, you might have used both products. Hence you’ll be a better judge to decide which type of product had the least amount of side effects.

3. History of Long term benefits:

Ayurvedic Beauty products in India have a history of long term benefits for skincare. Over centuries, humans have been using Ayurveda as a means to have clear skin and for beautification. The result over these centuries is proof of how good these products are.

4. Natural herbs have special healing properties:

Herbal beauty products have special healing properties. That’s one of the main reasons why it not only gets accepted by our skin but also improve normal functions, calm nerves, induces relaxation, and a lot more.

5. Sustainable, Vegan, and Cruelty-free:

Gone were the days when people would opt for cosmetic products of a big brand. In the past few years, there has been a gradual shift in consumers from chemical-induced beauty products to ayurvedic and herbal products.

People now also are looking for vegan products, and cruelty-free i.e. not tested on animals.

Vicco Turmeric WSO cream

Which brand can provide the Best Ayurvedic Beauty Products in India?

While various brands in India have started providing amazing Indian Ayurvedic Beauty Products, one brand that has stood the test of time has to be Vicco.

Over the years, their ayurvedic products can be found in the list of Top 10 Ayurvedic Beauty Products in India.

Whether it’s their famous vicco wso turmeric cream, vicco turmeric face wash, vicco narayani cream, vicco vajradanti toothpaste, and many more, it has helped people in India have the best skincare routine. You can check some of their best products by visiting the Vicco website.

I hope this article helps you get an insight into the concept of Ayurveda, its history, the benefits of ayurvedic products, etc, and help you understand the besy ways to choose herbal and Ayurvedic products for your skincare routine.

How to create wealth in India

How to create wealth in India within 15 years

Imagine this – You and your friend are celebrating 30 years of friendship. Both of you are retired, children working abroad, and you’re living your retirement days.

You are disappointed today as your child hasn’t sent you money for this month but your friend is happy. You get shocked to know that he hasn’t asked for money from his child.

Do you know why he doesn’t need to do that?

It’s because your friend started creating wealth at an early age and hence is in a position today where he is enjoying his retirement.

This is the story of many parents who spent everything to educate kids, get them settled, but now have no savings. Hence every month they have to ask their children for money. No parent likes that.

Hence I came up with a solution where you’ll understand “How to create wealth in India within 15 years”.

But before that let’s understand what the meaning of wealth is?

Wealth in simple words is a lot of money, property, and other assets that a person owns. Yes, the total value of all assets that you own (property, savings, and investments) minus all debts will tell you how much wealth you have.

You can also read – How to invest for Long Term and accumulate wealth

Why is wealth creation important?

Wealth creation is a long process and the more time you give, the better it is for you. Investing for 3 years can give you a decent amount but investing for 10-20 years will amplify your savings to a point that you will be self-sufficient.

Also, with each year, expenses are increasing at a faster pace than income earned. If you don’t have an investment plan for your life after retirement, then it will get difficult. Also, the cost of raising children in a country like India is increasing as education expenses have taken a steady hike.

Hence, wealth creation not only helps you be ready for life after retirement but also allows you to retire early.

How to create wealth from nothing?

Yes, you’ve read it right. You can start with as little as 100 rupees too. Here are some investments where you can start your wealth creation plan.

1) SIP’s in mutual funds that will let you grow your income at a risk free pace.

2) Stock market equity funds that are riskier but can provide higher returns.

3) NPS – National pension scheme that allows you to invest until your retirement age of 60 and then get a lump sum amount with interest.

4) PPF – Public provident fund which is risk-free, gives higher interest than fixed deposits and can be kept up to 15 years.

You can also visit – Lancelot Quadras on Quora for content on finance and lifestyle

There are many more avenues of investments like cryptocurrency, property investments, Debt funds, and many more. You can try them out too.

Overall, I added investments that have time and again delivered the best of results and returns. So you can check any of these options and invest accordingly.

Through this you will finally understand “How to create wealth in India within 15 years.