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Franklin Templeton MF: SC Reserves Order after Completing 1st Phase; Next Hearing in July

Franklin Templeton MF: SC Reserves Order after Completing 1st Phase; Next Hearing in July
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Franklin Templeton MF: SC Asks Rs9,122 Crore be Paid Within 20 Days to Unitholders

Franklin Templeton MF: SC Asks Rs9,122 Crore be Paid Within 20 Days to Unitholders
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Franklin Templeton MF: Chennai Investor Group CFMA Asks Investors To Vote Against Winding Up of 6 Debt Schemes

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The Chennai Financial Markets and Accountability (CFMA), an investor group, has asked investors of Franklin Templeton Mutual Fund (FTMF) to vote against the proposal by Franklin Templeton Trustee Services Pvt Ltd (Trustee) to wind up six debt schemes.

In its bulletin, CFMA says, We have consistently felt that FTMF took a unilateral decision to wind up six schemes to avert inevitable default and consequent regulatory actions against the fund managers and trustees. FTMF has front-ended the lie of COVID-19 excuse to conceal their bad, illegal, improper and risky investments made by their fund managers, whereas how come the Covid-19 reason has not been the case with any other scheme of FTMF or any other mutual fund? ....

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