MISCHIEF

MANAGED
"Crisis and deadlocks when they occur have
at least this advantage, they force us to think."

- Jawaharlal Nehru
 FRANKLIN TEMPLETON
CRISIS
• On April 23 2020, Frankelin Templeton Mutual Fund announced to
shut down 6 of its Debt Mutual Fund.
• 6 closed Debt Mutual Fund (valuation of Rs. 2450 Cr) were:
• Frankelin India Ultra Short Bond Fund
• Frankelin India Low Duration Fund
• Frankelin India Short-term Income Fund
• Frankelin India Income Opportunities Fund
• Frankelin India Credit Risk Fund
• Frankelin India Dynamic Accrual Fund
 REASONS FOR
WINDING UP
• MARKET SENTIMENTS
• LARGE REDEMPTIONS

MAJOR
SHORTFALL
Companies Major Investments -
• ILFS
• VODAFONE IDEA
• YES BANK
 THERANOS
SCANDAL
• Founded by Elizabeth Holmes in 2003.
• Provider of Dignostic testing, information
services to enable patients, physicians
better healthcare decision.
• Company valued at $9 billion.
• Micro-fludic technology - small blood
sample with 30 different test and painlees
• Partnership with wallgreen stores.
THERANOS
SCANDAL
MISTAKES
• A CULTURE OF SILENCING
AND SECRECY
• PROVEN APPROACH, WRONG
PRODUCT
• A LACK OF EXPERTISE ON THE
BOARD
• CROSSING THE LINE
 IL&FS CRISIS
ILFS was struggling to Infrastructure leasing and
repay amounts financial Services ltd was
established in 1987
Aim- Was to set up an
Two ILFS subsidiaries
entity that was capable of
failed to pay back loans &
providing funds to major
inter corporate deposits.
Infrastructure projects.

ILFS shareholders was LIC,

SBI, HDFC, CBI.
MISTAKES OF
IL&FS
• Financial Services fell short of cash
• ICRA downgraded ratings
• Cost escalation due to delayed projects
• 94000 cr debt
 CONCLUSION

• Beware of promises of high rates of return and/or

quick profits
• Verify the investment is registered
• Watch out for online scams
"A scam is a scam, a fraud is a fraud"
THANK YOU!