Sunday, March 02, 2025 | 07:22 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Franklin chief says tightening of unlisted debt added to pressure

Sebi regulations required fund houses to cap exposure to such papers at 10% of scheme assets

Jennifer Johnson, President & CEO, Franklin Resources
Premium

Jennifer Johnson, President & CEO, Franklin Resources, also said challenges in specific exposures such as Vodafone India, following the ruling by the Supreme Court, created a run on these schemes.

Jash Kriplani Mumbai
The top management of US-based Franklin Resources has cited tightening of norms around unlisted debt by the Securities and Exchange Board of India (Sebi), as one of the factors that added to the pressure on debt schemes of Franklin Templeton Mutual Fund (MF), culminating in the fund house winding up six of its schemes.
 
“...six funds that were invested with a lot of this kind of private debt. And in October 2019, unfortunately, Sebi came out with new guidelines saying that any investments in unlisted instruments in funds could neither be… you can’t have more than 10 per cent in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in