Page 6 - Franklin Templeton

Franklin Templeton Mutual Fund's six shut schemes generate Rs 438 crore

Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 438 crore from maturities, pre-payments and coupon payments in the second half of October

Franklin Templeton MF likely to move Supreme Court over HC order

While the court has upheld the decision taken by the trustees to wind-up the schemes, the consent of the unitholders will be required under regulation 18(15)(c) to operationalise the decision

Sebi's role in Franklin Templeton crisis draws ire of Karnataka HC

Sebi did not possess copy of April 23 resolution on winding up passed by FT Trustees board of directors, did not respond to e-mail of April 14 sent by AMC, court observes

Franklin Templeton case: Karnataka HC says consent of unit holders needed

The court has restrained the trustees from taking any further steps till the consent of unit holders via simple majority is obtained

Franklin Templeton MF's six shut schemes generate Rs 8,302 cr since closure

Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 8,302 crore from maturities, pre-payments and coupon payments since closing down in April

Forensic audit report findings not final, says Franklin Templeton

Clarifies that employees who made investments in the six wound-up schemes continue to hold substantial investments in these schemes

Karnataka High Court defers judgement on Franklin Templeton case

The asset manager said last week that its six shut schemes had received Rs 8,262 crore from maturities, pre-payments and coupon payments after closing down in April

Investor body slams Amfi for not protecting Franklin Templeton unit holders

CFMA alleged that Amfi was undermining a lawfully registered FIR against FTMF when it was not privy to the forensic audit

Franklin Templeton MF's six shut schemes generate Rs 8,262 cr since closure

Franklin Templeton Mutual Fund on Friday said its six shut schemes have received Rs 8,262 crore from maturities, pre-payments and coupon payments since closing down in April

Sebi, not EOW, should handle mutual fund issues: Franklin Templeton

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

No mis-utilisation of funds: Franklin Templeton MF assures unitholders

Franklin Templeton Mutual Fund shut six debt mutual funds on April 23 citing unfavourable conditions in the debt market due to the Covid-19 pandemic

Chennai Police book Franklin Templeton, top exes; claim baseless, says firm

The FIR also named Santosh Das Kamath, MD and chief investment officer, FTAMIL

Wound-up schemes: ED seeks details from Sebi in Franklin Templeton case

It is learnt that the regulator has responded to the ED, saying that it will share the audit report once it is finalised

State-run firms biggest wealth destroyers in last six yeas, say MF veterans

The government has been pressing citizens to pay taxes and be compliant, but they have very little to show regarding improved efficiencies in the companies they themselves own, the managers added

Wound-up schemes: Sebi quizzes Franklin Templeton over investment bets

Followed due process, says fund house

Franklin Templeton's wound-up schemes receive Rs 1,500 crore in August

With this, the total cash flow into these schemes since April 24, the day of suspension, has increased to Rs 6,486 crore

Future firm default hits four of six Franklin schemes wound up in April

Among the four, Income Opportunities Fund had highest exposure to Rivaaz Trade Ventures at 6.32 per cent of its AUM

RTI reply raises question over Franklin Templeton's wind-up move

Sebi said it had not given any prior permission to the fund house

FT MF puts investment limits on FoF to deter arbitrage-seeking flows

So that recovery for existing investors in wind-up schemes is not impacted

Investors should use expense ratio as elimination criterion, say experts

Eliminate all those funds from your selection universe where the expense ratio is extremely high