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franklin templeton india crisis
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  • Why does Franklin Templeton’s Sanjay Sapre still advise SEBI on mutual fund regulations? Jun 15, 2021 04:07 PM IST

    Why does Franklin Templeton’s Sanjay Sapre still advise SEBI on mutual fund regulations?

    Sanjay Sapre also chairs an Association of Mutual Funds of India (AMFI) committee on Operations, Compliance & Risk. These are the very issues where Franklin Templeton and his own fiduciary responsibilities are being questioned.

  • Enforcement Directorate launches money-laundering investigation against Franklin Templeton Mar 03, 2021 02:51 PM IST

    Enforcement Directorate launches money-laundering investigation against Franklin Templeton

    ED will probe if Franklin Templeton officials sold their investments and made unlawful gains just before the AMC closed six debt mutual fund schemes in April 2020.

  • Franklin Templeton India case: Karnataka HC says trustees cannot wind up schemes without investors' consent Oct 24, 2020 11:39 AM IST

    Franklin Templeton India case: Karnataka HC says trustees cannot wind up schemes without investors' consent

    The court has stayed the judgement for six weeks, during which the fund house can appeal to the Supreme Court if it wishes to do so.

  • Franklin Templeton gets over Rs 700 crore more in six suspended debt funds Aug 18, 2020 01:39 PM IST

    Franklin Templeton gets over Rs 700 crore more in six suspended debt funds

    The money received by Franklin Templeton will be distributed to unit holders subject to a successful unit holder vote

  • SEBI grants more time for Franklin Templeton MF audit: Report Jun 30, 2020 11:53 AM IST

    SEBI grants more time for Franklin Templeton MF audit: Report

    SEBI has reportedly given the auditor Chokshi & Chokshi time until first week of August to submit its findings.

  • Franklin Templeton India crisis | Supreme Court transfers all cases to Karnataka High Court Jun 19, 2020 01:22 PM IST

    Franklin Templeton India crisis | Supreme Court transfers all cases to Karnataka High Court

    The Supreme Court Court refused to interfere in Franklin Templeton's debt schemes wind-up case as the matter is still being heard in lower courts

  • Delhi HC issues notice to Franklin Templeton, SEBI on petition challenging scheme wind-up Jun 08, 2020 05:00 PM IST

    Delhi HC issues notice to Franklin Templeton, SEBI on petition challenging scheme wind-up

    The writ petition also challenges a consequent notice issued for e-voting, and SEBI’s mutual fund regulations.

  • SEBI orders investigation into debt funds closed by Franklin Templeton: Report Jun 02, 2020 12:04 PM IST

    SEBI orders investigation into debt funds closed by Franklin Templeton: Report

    Franklin Templeton India had in April closed six mutual fund schemes, due to illiquidity and redemption pressures caused by the COVID-19 pandemic.

  • AMFI April data: Credit risk funds bleed; fund managers blame it on redemption pressure May 08, 2020 03:47 PM IST

    AMFI April data: Credit risk funds bleed; fund managers blame it on redemption pressure

    Credit risk funds category continued to suffer in the month of April as well more so after Franklin Templeton shut its six debt funds including a credit risk fund citing liquidity constraints

  • Credit risk fund outflows surge to Rs 19,239 crore in April, Franklin Templeton crisis adds to panic May 08, 2020 01:32 PM IST

    Credit risk fund outflows surge to Rs 19,239 crore in April, Franklin Templeton crisis adds to panic

    The data comes just after Franklin Templeton India shut down six debt funds citing liquidity constraints.

  • RBI determined to make banks lend to crisis-ridden mutual funds: Will lenders pay heed? Apr 30, 2020 07:23 PM IST

    RBI determined to make banks lend to crisis-ridden mutual funds: Will lenders pay heed?

    Banks fear huge bad loans going ahead from such exposure in low-rated papers where mutual funds have parked money. Someone needs to guarantee these loans, ideally the government or the central bank.

  • Franklin Templeton gives moratorium to NCDs of three Future Group companies Apr 30, 2020 09:29 AM IST

    Franklin Templeton gives moratorium to NCDs of three Future Group companies

    “Future Group has requested Fixed Income schemes managed by Franklin Templeton Mutual Fund , relief under the moratorium benefit announced by the RBI," the mutual fund said.

  • Here's why Franklin Templeton case should not be viewed as a credit crisis Apr 27, 2020 02:06 PM IST

    Here's why Franklin Templeton case should not be viewed as a credit crisis

    Every AMC instead of boasting about their AAA portfolio percentages should spread wisdom on the fact that all AA or A-rated companies are not low-quality debt

  • Winding up of funds does not mean write-off of investor money, says Franklin Templeton India's Sanjay Sapre Apr 27, 2020 10:17 AM IST

    Winding up of funds does not mean write-off of investor money, says Franklin Templeton India's Sanjay Sapre

    In an exclusive interview with CNBC-TV18, Sapre assured that the investors will receive money over a period of time.

  • Franklin Templeton India Crisis: RBI announces Rs 50,000 crore special liquidity facility for mutual funds Apr 27, 2020 10:10 AM IST

    Franklin Templeton India Crisis: RBI announces Rs 50,000 crore special liquidity facility for mutual funds

    Last week, Franklin Templeton Mutual Fund shut six of its open-ended debt funds, effective April 23.

  • Franklin Templeton India crisis: Startups feel the jitters Apr 24, 2020 08:11 PM IST

    Franklin Templeton India crisis: Startups feel the jitters

    Startups are being advised by their investors to withdraw money from such funds and park in more secured assets like fixed deposits.

  • Here's what Twitter users are saying about Franklin Templeton fund closure Apr 24, 2020 03:18 PM IST

    Here's what Twitter users are saying about Franklin Templeton fund closure

    The Association of Mutual Funds in India asked investors not to panic and advised them to remain invested in MFs.

  • Coronavirus impact | Government, RBI seized of Franklin Templeton matter, examining liquidity issues Apr 24, 2020 01:18 PM IST

    Coronavirus impact | Government, RBI seized of Franklin Templeton matter, examining liquidity issues

    Franklin Templeton India, one of the largest fund houses in the country, said it will shut six debt funds - Franklin India Low Duration Fund (FILDF), Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund (FIIOF) - that carried credit risk. The winding up of these credit funds effective from April 23

  • AMFI reassures debt fund investors after Franklin Templeton shuts six schemes Apr 24, 2020 12:25 PM IST

    AMFI reassures debt fund investors after Franklin Templeton shuts six schemes

    AMFI strongly recommended that investors continue to focus on their investment goals, consult their financial advisor and not get side-tracked by an isolated event in a few schemes of one fund company

  • Franklin Templeton India crisis | Need to ensure liquidity issue doesn't turn into one of solvency: SBI MF Apr 24, 2020 12:08 PM IST

    Franklin Templeton India crisis | Need to ensure liquidity issue doesn't turn into one of solvency: SBI MF

    A credit line from the RBI will do a lot of good for the industry, Ashwani Bhatia, MD and CEO of SBI MF told CNBC-TV18.

  • Franklin Templeton India closes 6 funds. 6 questions answered Apr 24, 2020 10:55 AM IST

    Franklin Templeton India closes 6 funds. 6 questions answered

    What the winding up of these credit funds means for investors, explained.

  • Franklin Templeton fund closure: Will RBI step in to save MFs from likely redemption pressure? Apr 24, 2020 09:27 AM IST

    Franklin Templeton fund closure: Will RBI step in to save MFs from likely redemption pressure?

    As investors look for safer assets, bank deposits — despite the lower returns they offer — may see more preference since safety will be sought-after over returns.

  • The grave implications of the Franklin Templeton debacle for investors and the financial system Apr 24, 2020 08:23 AM IST

    The grave implications of the Franklin Templeton debacle for investors and the financial system

    The regulators need to step in immediately to stop any contagion

  • Franklin Templeton shuts down six credit risk strategy debt funds; All investors need to know Apr 23, 2020 09:15 PM IST

    Franklin Templeton shuts down six credit risk strategy debt funds; All investors need to know

    The decision is restricted to six funds which, the company said, have material direct exposure to the higher-yielding, lower-rated credit securities in India that have been most impacted by the ongoing liquidity crisis in the market.

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