Page 4 - Franklin Templeton

Franklin Templeton unitholders to get Rs 2,489 cr in next tranche

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

One year of FT MF debt saga: Asset manager sees 20% drop in holdings

Market participants say if the fund house is able to put the 2020 debacle behind by returning money to investors of the six debt schemes, it can make a strong come back

Franklin Templeton unitholders to get Rs 2,962 cr in second tranche

SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,962 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes during the coming week

No plan to exit India, Franklin Templeton Chief tells investors

Statement follows reports that FT global head wrote to Indian ambassador that the asset manager would be forced to cut jobs and pull back India operations in case Sebi levies a large fine

No plans to exit India business: Franklin Templeton's Sajay Sapre

Franklin Templeton Mutual Fund on Friday said its commitment to India remains 'steadfast' and the fund house has no plans to exit its operations in the country

Franklin unitholders to get Rs 1,200 cr in second tranche next week

Sources said SBI Funds Management will distribute the proceeds to unitholders following liquidation of some securities held under the scheme

Supreme Court approves SBI MF plan for Franklin Templeton schemes

The SC accepted the standard operating procedure statement prepared by SBI Funds Management for disposal of assets to unit holders in six Franklin Templeton debt schemes frozen on April 23, 2020

SC approves SBI MF plan for Franklin Templeton schemes

The six shuttered schemes have already distributed Rs 9,122 crore to investors

Franklin Templeton MF's six shut schemes generate Rs 15,272 crore

Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 15,272 crore from maturities, coupons and pre-payments since closing down in April 2020

No adverse findings so far: Franklin Templeton MF on money laundering

The fund house had shuttered its six debt schemes in April last year due to the severe market dislocation and illiquidity caused by the Covid-19 pandemic

MFs trustees haven't done a good job, says former Sebi chief Damodaran

Every mistake that catches the regulator's attention is a mistake that has gone past the trustees, who didn't notice it or noticed but did not do anything about it, he says

Enforcement Directorate slaps money laundering case on Franklin MF

Sebi issues show-cause notice and summons to fund house, its officials who redeemed their investments

SC upholds validity of Franklin e-vote, paves way for wind up of 6 schemes

Authorises SBI Funds Management to take next steps on monetisation

Top headlines: Govt, Twitter get SC notice, Chanda Kochhar granted bail

Business Standard brings you top news of the evening

SC nod for SBI MF plan to distribute Rs 9,122 cr to Franklin unitholders

Distribution mechanism was framed in consultation with Sebi and Franklin Templeton MF

SC orders Rs 9,122 cr payment to investors in Franklin's six shut schemes

SBI MF entrusted with disbursing amount, money to be paid in 20 days and parties can move applications in case of difficulties arising out of the process

Franklin Templeton MF's six shut schemes get Rs 14,391 crore so far

Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 14,391 crore from maturities, pre-payments and coupon payments since their closing down in April.

Over 10 MFs may go Franklin Templeton way causing Rs 15 trn loss: CFMA

Urging the Supreme Court to come to the rescue of people who had invested in now-closed Franklin Templeton schemes, investors' body CFMA on Saturday claimed more than 10 mutual funds may otherwise go the same way creating an MF pandemic comparable to the US subprime crisis. In a press release, CFMA (Chennai Financial Markets & Accountability) said the judiciary is the only hope for over three crore unitholders of various mutual fund schemes in the country, including those who had invested in Franklin Templeton schemes. Without disclosing the source of its information to back up its claim, CFMA said it has learned that more than 10 other mutual funds want to put their losses on unitholders' heads and are only waiting for the Supreme Court verdict. The apex court is hearing pleas, including one filed by Franklin Templeton against a Karnataka High Court order that stopped the fund house from winding up its debt fund schemes without the prior consent of the investors. Franklin ...

Franklin Templeton: Will first deal with e-voting objection, says SC

Earlier, the apex court had asked the Securities and Exchange Board of India (Sebi) to appoint an observer for overseeing the e-voting process

Franklin Templeton's closures reflect poorly on India's capital markets

Failures like IL&FS, Yes Bank and Templeton have been absorbed by the Indian financial system, but at a cost