Franklin Templeton India Crisis

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

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

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

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

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

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

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

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

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

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?

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

“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

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

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

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

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

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

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

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

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

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?

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

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

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.