Followed due process, says fund house
With this, the total cash flow into these schemes since April 24, the day of suspension, has increased to Rs 6,486 crore
Among the four, Income Opportunities Fund had highest exposure to Rivaaz Trade Ventures at 6.32 per cent of its AUM
Sebi said it had not given any prior permission to the fund house
So that recovery for existing investors in wind-up schemes is not impacted
Eliminate all those funds from your selection universe where the expense ratio is extremely high
The schemes have received Rs 708 crore during August 1-14. This takes the total cash flows received till date since April 24 to Rs 4,988 crore, Franklin Templeton MF said in a statement
In a note to investors, FT MF said that it was in the process of initiating appropriate enforcement action to recover dues from the issuer and other connected parties
Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market
Regulator-appointed firm probing closure of six schemes
Two group companies missed their payments due on Thursday
Since the IL&FS crisis, allocation to govt papers more than doubles, exposure to NBFCs drops
Sebi also observed that as a stock market regulator, it conducts investigation to examine alleged or suspected violation of laws and regulations
Essel group firms -- Cyquator Media, Direct Media and Khoobsurat Infra -- had appealed to the division bench after the single-bench of Delhi HC had declined any relief
The two debt papers were to mature in September 2020 and September 2021, respectively
The payout was made to mutual fund schemes of Franklin Templeton, UTI and Nippon, which had exposure to debt paper of the troubled telecom company
Court directs concerned parties to file any rejoinders by July 29
A total of 596 companies including Vodafone Idea, ONGC, and Sail are scheduled to announce their March quarter earnings today
As per earlier timeline, Chokshi & Chokshi was to complete by first week of July but given the tedious nature of the probe, it will be allowed to submit its finding by end July or first week of August
Sebi's eight-member board will for the first time hold the meeting via video conferencing in light of the Covid-19 pandemic