Page 5 - Franklin Templeton

SC allows Franklin Templeton to seek investors' nod for winding up schemes

Top court slams Sebi for staying on sidelines when unitholders began redeeming their investments; redemptions to remain suspended till further notification

SC to Franklin Templeton: Get investors' consent for winding up schemes

Franklin Templeton MF closed six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market.

Templeton moves SC against HC order on investor nod for scheme closure

Karnataka HC had said investors can receive money from cash-rich schemes if trustees' decision to wind up the schemes is held valid, but stayed its judgment for six weeks

Franklin Templeton Mutual Fund moves SC on winding up six schemes

The fund house closed six debt mutual fund schemes in April, citing redemption pressure and lack of liquidity in the bond market

Franklin Templeton MF's six shut schemes get Rs 941 cr in fortnight

This amount includes Rs 814 crore received as pre-payments and takes the total cash flows received till date since April 24, 2020 to Rs 9,682 crore

Franklin Templeton MF's six shut schemes garner Rs 941 cr in fortnight

Franklin Templeton MF shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market

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