March 14, 2021 4:19 am
This comes following reports of the Securities and Exchange Board of India (Sebi) issuing show-cause notices to Templeton and its officials with regards to practices around risk management, inter-scheme transfers and personal transactions by employees and management, among others.
February 12, 2021 1:31 pm
The top court had on February 2 ordered that Rs 9,122 crore be disbursed within three weeks to the unit holders of Franklin Templeton's six mutual fund schemes which are proposed to be wound up.
January 18, 2021 5:32 am
Meanwhile, the market regulator Securities and Exchange Board of India and industry body Association of Mutual Funds in India, which had filed special leave petition in the case, are expected to express their opinion in the court.
December 17, 2020 2:36 pm
Franklin Templeton Mutual Fund had shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
December 09, 2020 12:23 am
“There are too many unknowns, uncertainty and risk at the current juncture for giving any consent in favour of FTMF,” CFMA said in a statement.
November 03, 2020 12:27 pm
Franklin Templeton MF had closed six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
September 03, 2020 12:13 pm
This takes the total cash flows received till date since April 24 to Rs 6,486 crore, Franklin Templeton MF said in a statement.
August 07, 2020 3:48 pm
The amount has been received without the ability to efficiently monetise assets, Franklin Templeton Asset Management (India) President Sanjay Sapre said in a letter to investors on Wednesday.
June 09, 2020 1:00 am
The petitioner has, in her plea, alleged that Franklin Templeton’s investments over the years were “contrary to prudent commercial activities” and against the interests of its investors.