Franklin India

The decision comes as the rich world's central banks including the ECB and the US Federal Reserve are weighing when receding inflation will let them cut rates - and make credit cheaper for businesses

A total of Rs 25,114 crore has been distributed across 6 schemes under winding up

The total amount disbursed so far ranges between 84 per cent and 108 per cent of the respective reported AUM values of the 6 funds as of April 23, 2020

In two of the schemes, the disbursement was over 75% of AUM in April 2020, when fund houses wound up the schemes

SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,489 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes in this week from Monday

The government may cut the reserve price of spectrum ahead of the 5G auction, given 63 per cent of spectrum remained unsold at this week's auction, CLSA said in its investor note

Franklin Templeton's six shut schemes have received Rs 13,120 crore from maturities, pre-payments, and coupons since their closure in April

The court has given impetus to the principle that the domain of the trustees to unilaterally decide on winding up without declared confirmation by majority investors is non-negotiable

President of Franklin Templeton India Sanjay Sapre speaks ahead of the vote on whether the fund house should be allowed to wind up troubled schemes

Investor association seeks changes in Franklin Templeton voting process

If investors in the six Franklin Templeton schemes vote for reopening, they may have to take large haircuts

Electronic voting will take place Dec. 26 to 28 on the asset manager's plan, according to a statement from the company Monday

CFMA alleged that Amfi was undermining a lawfully registered FIR against FTMF when it was not privy to the forensic audit

Sebi, the specialised regulator for the securities market, is best placed to handle any issues related to mutual fund investments, FT said in a note to unitholders

The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house

Stung by the comments made by the global chief, market regulator on Thursday issued a press release defending the new rules it introduced in October last year

Closed schemes had large exposure to some bond issuers

Govt should not tax two forms of debt differently

Govt gives RBI go-ahead to ensure liquidity; distributors seek special window for small investors

The fund house has declared that there will not allow any further transactions in them - no fresh purchases and no redemptions