Cash to the tune of Rs 1,111 crore was available for distribution as of July 31 this year, Franklin Templeton Asset Management (India) Pvt Ltd Preside
SEBI in its order found that Franklin Templeton Asset Management (India) "committed serious lapses/violations with regard to a scheme categorization
Further, cash to the tune of Rs 580 crore was available for distribution as on June 15, Franklin Templeton MF said
Franklin Templeton has said it "strongly disagrees" with the findings in the Sebi's order and has decided to challenge the direction in SAT
SEBI had barred Franklin Templeton Asset Management (India) from launching any new debt scheme for two years and imposed a penalty of Rs 5 crore for v
The six schemes have received total cash flows of Rs 15,776 crore till March 31, 2021 from maturities, coupons and prepayments since winding up
He reiterated that Franklin Templeton's commitment to India remains steadfast
Franklin Templeton Mutual Fund has announced 26 March 2021 as the record date for declaration of dividend under the following schemes.
The fund house had shut six debt mutual fund schemes on April 23 last year, citing redemption pressures and lack of liquidity in the bond market
SC says disbursement can be made in tranches