Fund will invest in debt and money market instruments like non-convertible debentures, bonds, certificates of deposits, commercial papers, treasury bills, G-secs
Fund pick: Franklin India ELSS Tax Saver
The fund aims to provide capital growth to investors through a diversified portfolio of equities, fixed-income securities, and money market instruments
A total of Rs 25,114 crore has been distributed across 6 schemes under winding up
The total amount disbursed so far ranges between 84 per cent and 108 per cent of the respective reported AUM values of the 6 funds as of April 23, 2020
In two of the schemes, the disbursement was over 75% of AUM in April 2020, when fund houses wound up the schemes
SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,489 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes in this week from Monday
The government may cut the reserve price of spectrum ahead of the 5G auction, given 63 per cent of spectrum remained unsold at this week's auction, CLSA said in its investor note
Franklin Templeton's six shut schemes have received Rs 13,120 crore from maturities, pre-payments, and coupons since their closure in April
The court has given impetus to the principle that the domain of the trustees to unilaterally decide on winding up without declared confirmation by majority investors is non-negotiable
President of Franklin Templeton India Sanjay Sapre speaks ahead of the vote on whether the fund house should be allowed to wind up troubled schemes
Investor association seeks changes in Franklin Templeton voting process
If investors in the six Franklin Templeton schemes vote for reopening, they may have to take large haircuts
Electronic voting will take place Dec. 26 to 28 on the asset manager's plan, according to a statement from the company Monday
CFMA alleged that Amfi was undermining a lawfully registered FIR against FTMF when it was not privy to the forensic audit
Sebi, the specialised regulator for the securities market, is best placed to handle any issues related to mutual fund investments, FT said in a note to unitholders
The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house
Stung by the comments made by the global chief, market regulator on Thursday issued a press release defending the new rules it introduced in October last year
Closed schemes had large exposure to some bond issuers
Govt should not tax two forms of debt differently