Franklin Templeton India has informed unit holders of the debt schemes shut last year that SEBI s latest order barring the fund house from launching any new debt scheme for two years, along with imposition of penalty on the company, will not bear any effect on the ongoing monetisation process of the shut schemes.
No effect of SEBI order on ongoing monetisation of shut schemes: Franklin Templeton
By IANS |
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Franklin Templeton Mutual Fund.. Image Source: IANS News
New Delhi, June 9 : Franklin Templeton India has informed unit holders of the debt schemes shut last year that SEBI s latest order barring the fund house from launching any new debt scheme for two years, along with imposition of penalty on the company, will not bear any effect on the ongoing monetisation process of the shut schemes.
In a letter to the investors, Franklin Templeton Asset Management (India) Pvt Ltd President, Sanjay Sapre, said that the order has no impact on any scheme across segments managed by the fund house.
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