Page 2 - Franklin Templeton

Sanjay Sapre to step down as president of Franklin Templeton in June 2022

Avinash Satwalekar, currently is the country head of Malaysia and will relocate to India as president - designate effective April 1, 2022.

UAE digital bank Zand wins backing of Franklin Templeton, Aditya Birla

The roster of investors also include Abu Dhabi's Al Hail Holding, Al Sayyah & Sons Investments, Global Development Group, Yusuff Ali of Lulu Group, and Zand co-founder Olivier Crespin

Franklin Templeton MF unitholders to get Rs 985 cr in eighth tranche

A total of Rs 25,114 crore has been distributed across 6 schemes under winding up

Franklin Templeton MF unitholders to get Rs 1,115 cr in 7th tranche

After the payout, the total disbursement will reach Rs 25,114 crore, amounting to 99.6% of AUM as on April 23, 2020

India will continue to trade at a premium to EMs: Franklin's Radhakrishnan

'Equity valuations remain stretched as the gradual improvement in earnings growth is yet to justify these valuation levels', said Anand Radhakrishnan

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

Parliamentary panel, Sebi likely to discuss action in key cases

Franklin Templeton fiasco, brokers' default, outcomes of IL&FS & DHFL may be taken up during today's meet

Franklin Templeton Mutual Fund gets Rs 149-cr from Vodafone Idea

Franklin Templeton Mutual Fund has said it received a payment of nearly Rs 149 crore from Vodafone Idea Ltd as interest on its securities investment

Franklin Templeton MF unitholders to get Rs 2,918 cr in sixth tranche

SBI Funds Management (SBI MF) will distribute the sixth tranche of over Rs 2,918 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes from September 1. After the payout, the total disbursement will reach Rs 23,999 crore, amounting to 95.18 per cent of assets under management (AUM) as on April 23, 2020, when the fund house announced to shut the schemes, a Franklin Templeton MF spokesperson said on Sunday. Under the first disbursement in February, investors received Rs 9,122 crore, while Rs 2,962 crore were paid to investors in April, Rs 2,489 crore in May, Rs 3,205 crore in June and Rs 3,303 crore in July. "SBI Funds Management Pvt Ltd (SBI MF) would be distributing the next tranche of Rs 2,918.5 crore to unitholders across all six schemes," the spokesperson said. The payment to all investors whose accounts are KYC compliant with all details available will commence from September 1, 2021, he said. The amount to be distributed to unitholders will be paid by

Limit credit fund exposure to 10%-15% of portfolio, advise experts

Go with a fund manager who negotiated the past 5 years without default or downgrade

Six Franklin MF shuttered schemes have Rs 1,981 cr cash for distribution

Sources the money will be given to investors in next few days; fund house has already returned Rs 21,080.34 cr or 84% so far

Franklin Templeton's shut schemes have Rs 1,981 cr cash for distribution

The six shut debt schemes of Franklin Templeton Mutual Fund have Rs 1,981.02 crore of cash available for distribution to the unit holders of the schemes.

SAT allows Franklin Trustee, staffers to deposit 50% of penal amount

Tribunal says balance will not be collected till pendency of appeal

No new debt scheme till SAT decides our plea, Franklin Templeton tells SC

Franklin Templeton Asset Management told the Supreme Court on Monday that it will not launch any new debt scheme till SAT decides its appeal against market regulator Sebi's order

Franklin Templeton complies with conditions prescribed in SAT order

Franklin Templeton Asset Management (India) has said that it has complied with the conditions prescribed by SAT in its order pertaining to the restrictions imposed by Sebi on the fund house.

Sebi moves Supreme Court against SAT order on Franklin Templeton

Sebi has moved SC against June 28 order of SAT which stayed its decision to bar Franklin Templeton from launching new debt schemes for two years and had asked the fund house to refund over Rs 512 cr

Consent of most shareholders needed for shutting down debt schemes: SC

The apex court had upheld on February 12 the validity of e-voting process for winding up of the MF schemes and said that disbursal of funds to unit-holders will continue

SAT stays Sebi ban on Franklin Templeton's Vivek Kudva, wife

Securities and Exchange Board of India, last month, imposed a market ban on the couple for redeeming units of Franklin Templeton Mutual Fund (MF) schemes while in possession of non-public information

Franklin Templeton executive says Sebi exceeded authority in banning him

A senior executive of US money manager Franklin Templeton (FT) told an Indian appeals tribunal the country's market watchdog 'overstepped' its powers by banning him from the securities market

SAT grants interim relief to Franklin Templeton MF, partly stays Sebi order

In a 100-page order, Sebi has rapped the fund house for "several irregularities" in the running of its six debt schemes that were wound up in April 2020