Franklin Templeton Investments India
SBI Funds completes liquidation of assets in Franklin Templeton MF
SBI Funds Management Ltd on Tuesday said it has completed the liquidation of assets in the six shuttered debt schemes of Franklin Templeton Mutual Fund and distributed Rs 27,508 crore to the latter's unitholders. Franklin Templeton in April 2020 announced shutting down of the six debt mutual fund schemes, citing redemption pressures and lack of liquidity in the bond market. With this, SBI Funds Management has liquidated 217 securities and disbursed around Rs 27,508 crore which constitutes 109 per cent of the value of the securities as on date of winding up -- April 23, 2020, the company said in a statement. It further said that the liquidation activity was done without creating any market dislocation in order to get the best liquidation value and safeguard the interest of unitholders of Franklin Templeton Mutual Fund (FTMF). The company was directed by the Supreme Court in 2021 to undertake the exercise of disbursement and liquidation of assets of the six wound-up debt schemes of .
 "SBI Funds completes liquidation of assets in Franklin Templeton MF")
Franklin Templeton planning to enter private credit industry in India
The firm will soon file with the Securities and Exchange Board of India for a license for a category II Alternative Investment Fund, which will allow it to begin preparing for the private credit fund
 "Franklin Templeton planning to enter private credit industry in India")
Franklin MF distributes Rs 24,000 cr to investors of 6 shut debt schemes
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
 "Franklin MF distributes Rs 24,000 cr to investors of 6 shut debt schemes")
BS Number Wise: How good is Sebi at recovering money?
The value of notices Sebi has sent out since getting recovery powers in 2013 is more than twice Mumbai's annual municipal budget
 "BS Number Wise: How good is Sebi at recovering money?")
Franklin Templeton: SC upholds validity of e-voting for winding up 6 MFs
Apex court rejects objections raised by a few investors against e-voting results, directs for winding up, disbursement of funds to continue as per earlier orders
 "Franklin Templeton: SC upholds validity of e-voting for winding up 6 MFs")
What will a 'Yes' or 'No' vote mean for Franklin Templeton investors
If investors in the six Franklin Templeton schemes vote for reopening, they may have to take large haircuts
 "What will a 'Yes' or 'No' vote mean for Franklin Templeton investors")
SC allows Franklin Templeton to seek investors' nod for winding up schemes
Top court slams Sebi for staying on sidelines when unitholders began redeeming their investments; redemptions to remain suspended till further notification
Wound-up schemes: Sebi quizzes Franklin Templeton over investment bets
Followed due process, says fund house
 "Wound-up schemes: Sebi quizzes Franklin Templeton over investment bets")
Sebi dismisses RTI appeal in Franklin Templeton MF's wind-up case
Sebi also observed that as a stock market regulator, it conducts investigation to examine alleged or suspected violation of laws and regulations
 "Sebi dismisses RTI appeal in Franklin Templeton MF's wind-up case")
Delhi HC allows Franklin Templeton MF to sell pledged Essel shares
Essel group firms -- Cyquator Media, Direct Media and Khoobsurat Infra -- had appealed to the division bench after the single-bench of Delhi HC had declined any relief
Franklin MF in talks with bond issuers to list unlisted debt on bourses
Fund house exploring ways to expedite secondary market sales to boost liquidity
 "Franklin MF in talks with bond issuers to list unlisted debt on bourses")
FT MF to appeal to Karnataka HC to allow payouts from cash-positive schemes
Fund house informs investor that two schemes under winding-up have cash surplus after repaying bank borrowings
Sebi files appeal in Gujarat High Court over stay on Franklin e-voting
The e-voting, which was scheduled on June 9, was suspended following Gujarat HC's decision
 "Sebi files appeal in Gujarat High Court over stay on Franklin e-voting")
RBI staff studies on NBFCs call for more policy help to avoid systemic risk
While the RBI has done a number of liquidity enhancing measures, and the government has also come up with credit guarantee schemes, the issue in hand is clearly that of solvency
 "RBI staff studies on NBFCs call for more policy help to avoid systemic risk")
Gujarat HC stays Franklin Templeton MF's voting process following plea
According to experts, this move could delay the wind-up process of monetising the scheme assets and distributing the payouts to investors
 "Gujarat HC stays Franklin Templeton MF's voting process following plea")
Sebi seeks time to file counter in High Court on PIL against Franklin MF
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
 "Sebi seeks time to file counter in High Court on PIL against Franklin MF")
Franklin Templeton issues apology to Sebi for global chief's remarks
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
Return money to investors as soon as possible: Sebi to Franklin Templeton
Over Rs 25,000 crore ($3.3 billion) worth of investments belonging to 300,000 investors are currently stuck in the six debt schemes wound up by the fund house
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
 "Franklin chief says tightening of unlisted debt added to pressure")
Franklin Templeton MF sees erosion in debt schemes, dip in asset size
Banking & PSU debt fund has seen assets declining from 1,542 crores to Rs 1,134 crore in the same time-frame
 "Franklin Templeton MF sees erosion in debt schemes, dip in asset size")
