Employees who made investments in the six schemes continue to hold substantial investments in these schemes
Several officials redeemed personal investments just before the company wound up six debt schemes on April 23, 2020. Choksi & Choksi’s forensic audit says that the fund favoured several firms by not exercising the put option, disregarding a management committee advice.
AMFI asks regulator to stake claim as sole authority to probe all issues related to conduct of mutual funds
The hearings have concluded and the verdict is awaited, as the Court asks all parties to give a summary of their points
Franklin Templeton was commenting on the press release issued by CFMA.
Investors should be aware of the extra credit risk they are taking for the additional returns
The due date for Vodafone Idea to pay Rs 146 crore of interest payment to the FT MF schemes was September 3.
Fund house says acquisition by Reliance Retail ‘positive development’ for outstanding dues
The Khambatta family had said in its RTI plea that Franklin Templeton had claimed before the Gujarat High Court that necessary permissions for the winding up process had been taken from Sebi
Interest and principal repayments on the debt paper held by Franklin Templeton India schemes have allowed some to completely repay their borrowings and turn cash positive.
This limit has been applicable from August 18 on all fresh and additional purchases
A spokesperson said the paper the move is an “attempt to gate any arbitrage opportunities available to new investors while protecting the interest of existing investors.”
The money received by Franklin Templeton will be distributed to unit holders subject to a successful unit holder vote
The Supreme Court had in June asked all petitions related to the Franklin Templeton case to be transferred from various high courts to the Karnataka HC.
Franklin Templeton isn’t the only fund house to decide what’s best for the investor.
The fund house may invoke pledged shares, corporate guarantee
From the scheme portfolios it is apparent that both the AMC and Trustees not only underestimated the risk, but chose to completely ignore its existence.
Kayezad Adajania talks to the two lawyers who have taken the fight all the way to the doorstep of Franklin Templeton.
An FAQ on what investors of segregated units of debt funds must know
SEBI must help unit-holders decide between instant redemption and delayed gratification
They withdrew their plea against the fund house before the Supreme Court today
If SEBI is unable to protect the interest of investors by holding Franklin Templeton accountable, letting the courts settle the matter — despite the possible delay — may be their best option.
The e-voting exercise was due to have started at 9 am on June 9
The petitioners have sought to set aside the fund house’s decision of winding up the schemes
Rajiv Shastri, a columnist at Moneycontrol Pro, talks about the possible outcomes of the Franklin Temple vote.