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Franklin Templeton Logs Rs 15,272 Cr From Closure Of 6 Debt Schemes
The closure of its six debt schemes in April 2020 has bagged Rs 15,272 crore for Franklin Templeton Mutual Fund till March 15. The amount received has been credited to maturities, coupons and pre-payments. The Net Asset Value (NAV) of the shut schemes is also estimated to be more than the last year. Forced to shut the schemes due to liquidity crunch, the company got assistance from SBI Funds Management for liquidating its schemes.
Tags: business, MUTUAL FUNDS, Franklin Templeton, Debt Scheme
Courtesy: Business Standard
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Franklin Templeton AMC Gets Show Cause Notice From SEBI
After uncovering the details under a forensic audit report, Franklin Templeton Asset Management Company (AMC) and its trustees received a show-cause notice from SEBI. Reportedly, forced to shut six debt schemes owing to financial pressure, the regulator alleged the company of not protecting investor's rights. Besides, SEBI barred the company from the securities market. Currently, the Supreme Court has directed SBI mutual fund to liquidate the… read-more
Tags: SEBI, Asset management, Debt Scheme
Courtesy: The Economic Times
