RTI reply raises question over Franklin Templeton's wind-up move

Sebi said it had not given any prior permission to the fund house

The right to information (RTI) query filed by Khambatta family investors before the Securities and Exchange Board of India (Sebi) has raised question on the wind-up decision taken by Franklin Templeton Mutual Fund (Franklin MF), as the regulator in its reply said that it had not granted any permission.  

In the RTI query, the investor claimed Franklin Templeton in its application before the Gujarat High Court and in the special leave petition filed before the Supreme Court (SC) had claimed winding up of the six schemes took place after taking appropriate permission from Sebi.

Franklin Templeton MF said: “We have not