Franklin Templeton MF side-pocketed its exposure in the telecom player and in January 2020, various securities issued by Vodafone Idea in the schemes were segregated from the total portfolio. The creation of segregated portfolios is a mechanism to separate distressed, illiquid, and hard-to-value assets from other more liquid assets in a portfolio.
The schemes were Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund.
Asian shares were a touch below a recent three-month top on Thursday, with China a tad weaker as investors weighed inflation concerns ahead of key US economic data. MSCI s broadest index of Asia-Pacific shares outside Japan was up by 0.32 per cent.
Franklin Templeton Mutual Fund on Friday said its commitment to India remains steadfast and the fund house has no plans to exit its operations in the country. This comes following media reports suggesting intervention by the fund house s US-headquartered parent seeking the diplomatic route for a just and fair hearing by market regulator Sebi in the investigation pertaining to six wound-up debt schemes. According to the reports, Franklin Templeton had threatened to exit India if it was not given a fair hearing. In a letter to investors Franklin Templeton Asset Management (India) Pvt Ltd President Sanjay Sapre said, we have no plans to exit our India business. Any speculation suggesting otherwise, or any rumours around sale of business in India are incorrect and simply that-rumours .
No plans to exit India biz: Franklin Templeton s Sanjay Sapre
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Last Updated: Apr 02, 2021, 05:57 PM IST
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Franklin Templeton Mutual Fund on Friday said its commitment to India remains steadfast and the fund house has no plans to exit its operations in the country.
Franklin Templeton Mutual Fund on Friday said its commitment to India remains steadfast and the fund house has no plans to exit its operations in the country.
This comes following media reports suggesting intervention by the fund house s US-headquartered parent seeking the diplomatic route for a just and fair hearing by market regulator Sebi in the investigation pertaining to six wound-up debt schemes.