Page 4 - Franklin Templeton

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

Franklin Templeton gets investors' nod for winding up six schemes

The fund house could take second vote for appointing a liquidator

Franklin Templeton MF's 6 shut schemes generate Rs 13,789 cr since closure

Franklin Templeton Mutual Fund on Sunday said its six shut schemes have received Rs 13,789 crore from maturities, pre-payments and coupon payments since closing down in April

Top investor association objects to Franklin's voting process on six funds

Seeks proportional representation of unitholders in letter to regulator

Franklin Templeton's shut funds receive Rs 13,120 crore so far

Franklin Templeton's six shut schemes have received Rs 13,120 crore from maturities, pre-payments, and coupons since their closure in April

Franklin Templeton case: HC sows seeds of democracy in governance of MFs

The court has given impetus to the principle that the domain of the trustees to unilaterally decide on winding up without declared confirmation by majority investors is non-negotiable

Franklin Templeton: Former CEC appointed as observer for e-voting process

He served as 13th Chief Election Commissioner of India and his main assignment as CEC was to oversee the 2004 elections to the Lok Sabha

Franklin Templeton: CFMA moves SC, says no apparent steps taken by Sebi

Chennai Financial Markets and Accountability has filed an application in the SC alleging that despite the apex court's Dec 9 order, no apparent steps have been taken by the SEBI to appoint an observer

Consider well-diversified credit risk funds with limited exposure

Investors should observe a few precautions, despite the likely higher returns

Investors want paper ballots in Franklin MF voting, overseen by ex-CECs

Investor association seeks changes in Franklin Templeton voting process

What will a 'Yes' or 'No' vote mean for Franklin Templeton investors

If investors in the six Franklin Templeton schemes vote for reopening, they may have to take large haircuts

Franklin Templeton: SC asks Sebi to appoint observer for e-voting process

The apex court said that its December 3 order, in which it had said that for the time being, there will be stay of redemption payment to the unit holders, would continue in the meantime.

Investors may lose money if wind-up spurned, says Franklin Templeton

E-voting to shut debt schemes on Dec 26-28

Franklin warns investors may lose for voting against $4 bn wind up plan

Electronic voting will take place Dec. 26 to 28 on the asset manager's plan, according to a statement from the company Monday

Franklin Templeton urges investors to vote for winding up of 6 schemes

The Supreme Court had directed Franklin Templeton Mutual Fund to seek consent of the unit-holders for winding up six debt schemes.