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Feb 22, 2021 01:33 PM IST The Franklin Templeton saga is a cautionary tale on how fund houses and regulators must protect the interest of investors. Ahead of a crucial hearing by the Supreme Court on February 23, Moneycontrol analyses the vital aspects of the case, based on new findings from an audit.
Feb 18, 2021 09:38 AM IST DP Singh, SBI Mutual Fund's chief business officer, tells Moneycontrol that it will avoid any conflict of interest and ensure a transparent process while selling securities
Feb 12, 2021 06:19 PM IST The Supreme Court expects SBI fund management to sell Franklin's debt fund assets on a best-effort basis.
Feb 12, 2021 12:22 PM IST A bench of justices S A Nazeer and Sanjiv Khanna, while rejecting the opposition by some unit holders to the e-voting process, said disbursal of funds has to be done as per the earlier order of the apex court.
Feb 12, 2021 10:17 AM IST If you are a unitholder of Franklin Ultra Short Bond Fund, you will receive around half of your money
Feb 02, 2021 05:41 PM IST Cash to be returned in 20 days. SBI Mutual Fund will distribute the money, instead of Franklin Templeton
Jan 29, 2021 11:26 AM IST Franklin Templeton also faces the uphill task of getting its equity funds back in the reckoning
Jan 21, 2021 03:14 PM IST The observer elaborated on a number of steps that the fund house could have taken to ensure a more robust exercise
Jan 21, 2021 02:27 PM IST Recommends one-unit-one-vote and 30-day period for such voting
Jan 20, 2021 10:25 AM IST A favourable verdict for an orderly winding up of Franklin Templeton’s schemes may not make any difference to the side-pocketed units
Jan 18, 2021 05:03 PM IST The Supreme Court to hear the matter on January 25, 2021, to give directions on how the funds should be paid back to the unitholders at the earliest
Jan 18, 2021 09:08 AM IST New Delhi, Jan 17 Franklin Templeton Mutual Fund on Sunday said its six shut schemes have received Rs 13,789 crore from maturities, pre-payments an..
Dec 30, 2020 11:27 AM IST Unitholders asked trustees when they would get their money back and what could happen if schemes are re-opened for redemptions
Dec 26, 2020 03:29 PM IST Supreme Court had directed SEBI to appoint observer for Franklin Templeton’s e-voting earlier this month.
Dec 11, 2020 09:35 AM IST Investors in Franklin Templeton’s schemes will vote on whether or not to wind-up schemes
Dec 08, 2020 10:16 AM IST The worst case scenario for Franklin Templeton unitholders is far better than what it was in April, when the fund was arbitrarily shut. Unitholders can use the vote as a bargaining tool and demand more clarity.
Dec 07, 2020 09:34 AM IST There will be a unitholders’ meeting with the trustees on December 29 from 4:30 pm to 5:30 pm online, where unitholders will get a chance to talk to the fund’s trustees.
Dec 03, 2020 01:17 PM IST The stay on redemptions in Franklin Templeton’s schemes to continue for now
Dec 01, 2020 03:43 PM IST Hearing on Franklin Templeton's petition in Supreme Court slated for December 3
Nov 26, 2020 06:45 PM IST Franklin Templeton Mutual Fund wants the pause on redemptions to remain for the time being, as opening up of the schemes can force the fund house to sell investments at distress prices and lead to sharp decline in net asset values of the schemes. Read more about what the fund house has said in its special leave petition in the Supreme Court
Nov 25, 2020 10:10 AM IST A roll-down strategy in a bond fund entails that debt funds bring down their maturity consistently and gradually. But that does not eliminate interest rate risks
Nov 23, 2020 03:47 PM IST Franklin Templeton unitholders' wait for their funds continues after the case concluded recently in the Karnataka High Court.
Oct 29, 2020 10:20 AM IST Franklin Templeton did not ask for investor consent when it decided to wind up its six debt funds in April. Investors disagreed and dragged it to court
Oct 27, 2020 10:24 AM IST In June, Franklin Templeton had indemnified its trustees of any liabilities. But the High Court has said such indemnity cannot be given unless unitholders' agree
Oct 26, 2020 10:13 AM IST Reports say that four out of the six Franklin Templeton debt schemes have turned cash positive already
