What is the problem with Franklin Templeton Mutual Fund?
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What is the problem with Franklin Templeton Mutual Fund?
The Securities and Exchange Board of India (Sebi) has directed Franklin Templeton MF to pay Rs 5 crore as penalty, return over Rs 450 crore collected as 22-month investment management and advisory fees, and imposed a two-year ban on launching new debt schemes for alleged irregularities in running six of its debt …
What did Franklin Templeton do?
Franklin Templeton has grown from being recognized as one of the best small companies in America to being considered a premier global investment management organization. We offer clients a valuable perspective shaped by our seven decades of experience, investment expertise and growing global reach.
What happened with Franklin Templeton India?
Market regulator SEBI has barred Franklin Templeton Asset Management (India) from launching new debt schemes for two years. In an order on Monday, the market watchdog also imposed a ₹5 crore penalty on the asset management company, which is to be paid within 45 days.
What is Franklin Templeton mutual funds?
Franklin Templeton offers a number of different types of income-producing funds, each with its own characteristics and level of risk, including government bonds, corporate bonds, municipal bonds, securitized assets, bank loans, and currencies.
How is Franklin Templeton mutual fund doing?
Franklin Templeton Investments also offers a platform for portfolio, trading, research, and investment risk management. Currently, Franklin Templeton has presence in over 34 countries….Top 10 Franklin Templeton Mutual Funds.
| Fund Name | Franklin India Liquid Fund |
|---|---|
| Category | Debt |
| Risk | Low to Moderate |
| 1Y Returns | 3.3\% |
| Rating | 4 |
Who is registrar of Franklin mutual fund?
Change in Registrar and Transfer Agent: 178), M.G.R. Salai, Nungambakkam, Chennai – 600 034 and SEBI Registration Number INR000002813 has been appointed as Registrar and Transfer Agent (RTA) for Schemes of Franklin Templeton Mutual Fund with effect from July 19, 2021.
Why Franklin Templeton closed mutual funds?
Six Franklin Templeton debt funds were shut down by the management, due to redemption pressure and lack of liquidity in the secondary market for the underlying instruments. It was not the first time that a mutual fund (MF) scheme faced redemption pressure.