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  • SC directs Franklin Templeton to pay Rs 684 crore to unit holders Aug 04, 2022 03:48 PM IST

    SC directs Franklin Templeton to pay Rs 684 crore to unit holders

    While the order on other aspects of Franklin Templeton wind-up case is still pending, the apex court gave its view on how SEBI’s wind-up regulations should be interpreted.

  • It will be 'silly to leave India', says crisis-hit Franklin Templeton Jul 26, 2022 08:29 PM IST

    It will be 'silly to leave India', says crisis-hit Franklin Templeton

    In November 2020, Sebi had issued a show cause notice to the company following its April 2020 decision to wind up six debt schemes having Rs 25,000 crore of AUM from 3 lakh investors, citing liquidity challenges because of the pandemic.

  • Not leaving India, will rebuild the brand here: Franklin Templeton Jul 26, 2022 02:25 PM IST

    Not leaving India, will rebuild the brand here: Franklin Templeton

    "It would be silly to leave India, its president for India," Avinash Satwalekar, told reporters here. "I can say categorically that we are not leaving India. "

  • Franklin Templeton appoints Matthew Harrison and Tariq Ahmad as Asia-Pacific co-heads Jun 15, 2022 12:37 PM IST

    Franklin Templeton appoints Matthew Harrison and Tariq Ahmad as Asia-Pacific co-heads

    With the new appointments at the APAC level, coupled with Avinash Satwalekar’s appointment as the new President of Franklin Templeton India, the fund house aims to cover lost ground in India

  • Franklin Templeton is here to stay in India, we are hiring and getting ready to launch new funds: Sanjay Sapre Apr 25, 2022 09:03 AM IST

    Franklin Templeton is here to stay in India, we are hiring and getting ready to launch new funds: Sanjay Sapre

    One learning is that we need to be even more conservative when it comes to putting our portfolios through stress tests for extreme events, says Sanjay Sapre.

  • How much has Franklin Templeton Mutual Fund repaid its investors? Apr 25, 2022 08:12 AM IST

    How much has Franklin Templeton Mutual Fund repaid its investors?

    After two years of winding-up and eight tranches of payments, recovery from few exposures remains.

  • Two years of Franklin Templeton debt fund crisis: Will it win investors back? Apr 25, 2022 07:20 AM IST

    Two years of Franklin Templeton debt fund crisis: Will it win investors back?

    Having returned to investors nearly all the money stuck in the six debt funds it unceremoniously wound up two years ago, Franklin Templeton is looking to win back investors and distributors. It’s not going to be easy.

  • Franklin Templeton case: SC asks SBI Mutual Fund to hold next tranche of payments after distributor body moves court Apr 13, 2022 07:43 PM IST

    Franklin Templeton case: SC asks SBI Mutual Fund to hold next tranche of payments after distributor body moves court

    Mutual fund distributor body FIFA had moved the Supreme Court seeking distributor commissions

  • Distributor commissions for Franklin Templeton’s wound-up debt schemes to go to unitholders Mar 25, 2022 10:06 AM IST

    Distributor commissions for Franklin Templeton’s wound-up debt schemes to go to unitholders

    Mutual fund distributors say they should not be penalised for the wind-up decision of Franklin Templeton.

  • Investcorp appoints Mark Mobius as adviser to India advisory board Feb 28, 2022 11:55 AM IST

    Investcorp appoints Mark Mobius as adviser to India advisory board

    In Franklin Templeton, Mobius spent 30 years and during his tenure the group expanded its assets under management from US $100 million to over US $40 billion and launched several emerging market and frontier funds focusing on Asia, Latin America, Africa and Eastern Europe.

  • Franklin Templeton India President Sanjay Sapre moved to different role Feb 24, 2022 01:34 PM IST

    Franklin Templeton India President Sanjay Sapre moved to different role

    Sanjay Sapre was appointed as president of FT MF in 2016 and decision to wind-up schemes was taken during his stint.

  • SEBI makes unitholders’ consent a must for winding up mutual fund scheme Dec 28, 2021 05:03 PM IST

    SEBI makes unitholders’ consent a must for winding up mutual fund scheme

    If unitholders vote against winding-up, scheme will be re-opened, said the regulator.

  • Franklin Templeton unitholders to receive Rs 983.81 crore under their six shut schemes Dec 12, 2021 03:20 PM IST

    Franklin Templeton unitholders to receive Rs 983.81 crore under their six shut schemes

    Post this payout, the schemes would have returned Rs 26,098.19 crores to unitholders amounting to 103.50% of the assets under management as of April 23, 2020.

  • Franklin Templeton unitholders to receive Rs 1,115 crore under their six shut schemes Nov 19, 2021 09:47 PM IST

    Franklin Templeton unitholders to receive Rs 1,115 crore under their six shut schemes

    The schemes in concern, namely Franklin India Low Duration, Dynamic Accrual, Credit Risk, Short Term Income Plan, Ultra Short Bond Fund, and Income Opportunities Fund, together had an estimated AUM corpus of over Rs 25,000 crore.

  • Franklin Templeton inks pact to acquire 100% stake in Lexington Partners for $1.75 billion Nov 01, 2021 09:45 PM IST

    Franklin Templeton inks pact to acquire 100% stake in Lexington Partners for $1.75 billion

    The transaction is subject to customary closing conditions and is expected to close by the end of the second fiscal quarter of 2022, Franklin Templeton said.

  • Franklin Templeton debt funds receive Rs 148.75 crore from Vodafone Idea Sep 03, 2021 01:04 PM IST

    Franklin Templeton debt funds receive Rs 148.75 crore from Vodafone Idea

    Investors holding units of these schemes’ side pockets will receive the money in their bank accounts in the next few days.

  • Franklin Templeton plans to hire cryptocurrency trader, researcher Sep 03, 2021 09:03 AM IST

    Franklin Templeton plans to hire cryptocurrency trader, researcher

    The cryptocurrency research analyst "will be expected to help develop and manage new products in the Crypto Asset space," Franklin Templeton's LinkedIn post said.

  • Franklin Templeton Mutual Fund holders to get Rs 2,918.5 crore Aug 29, 2021 10:25 AM IST

    Franklin Templeton Mutual Fund holders to get Rs 2,918.5 crore

    Post this pay out, the schemes have returned Rs 23,998.84 crore to unitholders amounting to 95.18 percent of the assets under management (AUM) as on April 23, 2020.

  • What happens to the 5 Franklin debt funds that hold Vodafone Idea’s securities? Aug 18, 2021 10:17 AM IST

    What happens to the 5 Franklin debt funds that hold Vodafone Idea’s securities?

    Vodafone Idea’s securities lie in the segregated portfolios of the five debt schemes

  • Franklin Templeton: Supreme Court asks SEBI to clarify ‘majority’ in getting unitholders’ consent in winding-up of schemes Jul 14, 2021 07:07 PM IST

    Franklin Templeton: Supreme Court asks SEBI to clarify ‘majority’ in getting unitholders’ consent in winding-up of schemes

    While SEBI mutual fund regulation 18(15)(c) does not define majority, regulation 39(2)(b) says that 75 percent of the unitholders of a scheme can pass a resolution for winding-up of a scheme.

  • Franklin Templeton order: Supreme Court upholds consent of unitholders must in winding-up of mutual fund schemes Jul 14, 2021 02:58 PM IST

    Franklin Templeton order: Supreme Court upholds consent of unitholders must in winding-up of mutual fund schemes

    Franklin Templeton had approached Supreme Court to appeal against Karnataka High Court’s order.

  • Franklin fund executive Vivek Kudva says India regulator exceeded authority in banning him Jul 01, 2021 12:04 PM IST

    Franklin fund executive Vivek Kudva says India regulator exceeded authority in banning him

    Vivek Kudva, head of Asia Pacific distribution at FT, was barred last month by the Securities and Exchange Board of India (SEBI), which said he and his family members used non-public information to sell holdings worth about $4 million in Franklin debt funds that were shut down weeks later and caused investor panic.

  • Why SAT has stayed SEBI order against Franklin Templeton? Jun 28, 2021 05:29 PM IST

    Why SAT has stayed SEBI order against Franklin Templeton?

    While not a final order, SAT made its initial observations following Franklin Templeton’s appeal.

  • SAT allows Franklin Templeton to offer new debt schemes, cuts disgorgement amount Jun 28, 2021 02:24 PM IST

    SAT allows Franklin Templeton to offer new debt schemes, cuts disgorgement amount

    SAT grants partial relief to fund-houses from SEBI order, will pass final order on August 30.

  • SAT to pass order in Franklin Templeton case on June 28 Jun 25, 2021 06:18 PM IST

    SAT to pass order in Franklin Templeton case on June 28

    The fund house had challenged the market regulator’s directives following the closure of six debt funds last year.

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