Tag: Franklin Templeton

When and how to sell funds?

Ideally, an investor should exit mutual fund investments on completion of financial goals. In fact, for long-term investments, he/she should start exiting equity-linked MFs when...

FT case a call to improve industry risk management

Legendary investor Benjamin Graham once said, “The essence of investment management is the management of risks, not the management of returns.” The closure of six...

Sebi moves SC against SAT order on Franklin Templeton

Market regulator Sebi has moved the Supreme Court against the June 28 order of Securities Appellate Tribunal (SAT) which stayed its decision to bar Franklin...

Industry needs to raise the bar for ethical conduct

On 7June, the Securities and Exchange Board of India (Sebi) fined a senior executive of Franklin Templeton and his spouse for acting on insider information...

Franklin Templeton gets interim relief, SAT stays Sebi order

In a temporary relief for Franklin Templeton Asset Management (India) Pvt. Ltd, the Securities Appellate Tribunal (SAT) on Monday stayed a Securities and Exchange Board...

Sebi fines Santosh Kamath, Sanjay Sapre and other debt fund managers in Franklin case

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...

SEBI imposes ₹15 cr fine on Franklin Templeton, 8 others over wound-up schemes

Securities and Exchange Board of India (SEBI) has imposed a cumulative fine of ₹15 crore on nine entities, including Franklin Templeton Trustee Services, senior official...

Franklin Templeton allays investors’ fears after SEBI ban on new debt funds

To soothe investors’ nerves, Franklin Templeton India clarified that the ban by Securities and Exchange of Board of India (SEBI) prohibiting it from launching new...

Franklin Templeton to move SAT against Sebi order

Franklin Templeton Asset Management (India) on Tuesday said it strongly disagrees with the findings in Sebi‘s order in the case of winding of six debt...

Sebi uses new risk matrix to classify debt mutual funds

In a circular issued today, the Securities and Exchange Board of India (Sebi) came out with a risk classification matrix for debt mutual funds which...

SEBI bars Franklin Templeton from launching new debt schemes for 2 yrs, fines ₹5 cr

Market regulator SEBI has barred Franklin Templeton Asset Management (India) from launching new debt schemes for two years. In an order on Monday, the market...

Franklin Templeton investors to get ₹3,205 cr in fourth tranche

SBI Funds Management (SBI MF) will distribute the fourth tranche of ₹3,205 crore to unitholders of Franklin Templeton Mutual Fund’s six shuttered schemes during the...

FT’s debt investors see year of pain, with silver linings

Various cases related to the freezing, particularly on the matter of whether investor consent is a precondition for winding up, made their way through the...

No AMC has over 10% exposure to debt funds, says Crisil

MUMBAI : Describing the Sebi move to cap the exposure of mutual funds to tier 1 & 2 bonds to 10% to mitigate the risks...

Unitholders of FT’s shut schemes to get ₹9,122 crore

Investors in Franklin Templeton’s mutual fund schemes that were abruptly shut down last year will get ₹9,122 crore, or more than a third of their...

Lessons at the crux of Franklin Templeton fiasco

The Supreme Court on Tuesday directed Franklin Templeton to distribute ₹9,122 crore among unitholders. This is the first repayment investors will see in nearly a...

Franklin investors demand cash back

Four out of six debt schemes that Franklin Templeton India wound up in April have turned cash-positive, prompting unitholders aggrieved by the closure to demand...

The era of star fund managers is over, Franklin Templeton says

Having a star fund manager is an easy way for an asset management firm to attract client money. But for Franklin Resources Inc.’s chief executive...

4 out of 6 Franklin schemes turn cash positive; investors yet to receive money

A ₹1,050-crore repayment on debt issued by Vedanta Ltd along with interest has turned four of the six frozen Franklin Templeton debt schemes cash positive...

Franklin Templeton mutual fund’s shut schemes receive ₹4,280 cr since closure

NEW DELHI : Franklin Templeton Mutual Fund’s six shut schemes have received ₹4,280 crore from maturities, pre-payments and coupon payments since the announcement of their...

Sebi moves against stay order in Gujarat HC, says delay in winding up will hurt Franklin investors

Letters patent appeal is an appeal by a petitioner against a decision of a single judge, to shift the case to another bench of the...

SC transfers pleas in Franklin case to Karnataka HC; stay on e-voting remains

MUMBAI: The Supreme Court on Friday decided not to intervene in various petitions filed in the case related to Franklin Templeton India shutting down six...

After Franklin earthquake, inside the race to fix debt funds

The biggest jolt – now a topic of angst for 300,000 investors – came on 23 April when the eighth largest Asset Management Company (AMC)...

what this means for you

The Gujarat High Court on Wednesday stayed the e-voting process, which was to be held from 9-12 June 2020, on the winding up of the...

Gujarat HC stays Franklin’s e-voting process in plea filed by Rasna promoters

MUMBAI: The Gujarat high court has stayed the e-voting process for winding up Franklin Templeton’s six debt schemes in a plea filed by promoter directors...