Jun 15, 2021 04:07 PM IST
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.
- Mar 03, 2021 02:51 PM IST
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.
- Oct 24, 2020 11:39 AM IST
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.
- Aug 18, 2020 01:39 PM IST
The money received by Franklin Templeton will be distributed to unit holders subject to a successful unit holder vote
- Jun 30, 2020 11:53 AM IST
SEBI has reportedly given the auditor Chokshi & Chokshi time until first week of August to submit its findings.
- Jun 19, 2020 01:22 PM IST
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
- Jun 08, 2020 05:00 PM IST
The writ petition also challenges a consequent notice issued for e-voting, and SEBI’s mutual fund regulations.
- Jun 02, 2020 12:04 PM IST
Franklin Templeton India had in April closed six mutual fund schemes, due to illiquidity and redemption pressures caused by the COVID-19 pandemic.
- May 08, 2020 03:47 PM IST
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
- May 08, 2020 01:32 PM IST
The data comes just after Franklin Templeton India shut down six debt funds citing liquidity constraints.
- Apr 30, 2020 07:23 PM IST
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.
- Apr 30, 2020 09:29 AM IST
“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.
- Apr 27, 2020 02:06 PM IST
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
- Apr 27, 2020 10:17 AM IST
In an exclusive interview with CNBC-TV18, Sapre assured that the investors will receive money over a period of time.
- Apr 27, 2020 10:10 AM IST
Last week, Franklin Templeton Mutual Fund shut six of its open-ended debt funds, effective April 23.
- Apr 24, 2020 08:11 PM IST
Startups are being advised by their investors to withdraw money from such funds and park in more secured assets like fixed deposits.
- Apr 24, 2020 03:18 PM IST
The Association of Mutual Funds in India asked investors not to panic and advised them to remain invested in MFs.
- Apr 24, 2020 01:18 PM IST
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
- Apr 24, 2020 12:25 PM IST
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
- Apr 24, 2020 12:08 PM IST
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.
- Apr 24, 2020 10:55 AM IST
What the winding up of these credit funds means for investors, explained.
- Apr 24, 2020 09:27 AM IST
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.
- Apr 24, 2020 08:23 AM IST
The regulators need to step in immediately to stop any contagion
- Apr 23, 2020 09:15 PM IST
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.