Page 3 - Franklin Templeton
Sebi fines Franklin MF Rs 5 cr, asks it to return Rs 512 cr fund mgt fees
US-headquartered asset manager has been barred from launching any new debt scheme for two years
 "Sebi fines Franklin MF Rs 5 cr, asks it to return Rs 512 cr fund mgt fees")
Franklin Templeton disagrees with Sebi order; to challenge direction in SAT
Franklin Templeton Asset Management (India) on Tuesday said it strongly disagrees with the findings in Sebi's order in the case of winding of six debt schemes in 2020
 "Franklin Templeton disagrees with Sebi order; to challenge direction in SAT")
Sebi fines Franklin Templeton AMC, bars launch of new debt scheme for 2 yrs
FT AMC asked to refund investment mgmt and advisory fees collected from June 4, 2018 till Apr 23, 2020 with respect to the six debt schemes inspected along with simple interest at rate of 12%/annum
Investors of Franklin Templeton's shut schemes to get Rs 3,205 cr
The unitholders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore in the week starting from Monday.
FT MF says over Rs 14,500 cr returned to investors of 6 shuttered schemes
This amounts to 58 per cent of the assets under management of the six schemes on April 23, 2020, when the fund house decided to wind them up
Disbursed Rs 14,572 crore to investors of six shuttered schemes, says FT
In two of the schemes, the disbursement was over 75% of AUM in April 2020, when fund houses wound up the schemes
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
 "One year of FT MF debt saga: Asset manager sees 20% drop in holdings")
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 plan to exit India, Franklin Templeton Chief tells investors")
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
 "Supreme Court approves SBI MF plan for Franklin Templeton schemes")
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
 "MFs trustees haven't done a good job, says former Sebi chief Damodaran")
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
 "Top headlines: Govt, Twitter get SC notice, Chanda Kochhar granted bail")
