Page 5 - பிராங்க்ளின் இந்தியா குறைந்த காலம் நிதி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Allaying investors fears, Franklin Templeton AMC has said Sebi s order prohibiting the company from launching new debt funds will have no bearing on existing schemes managed by it. Sebi on Monday barred Franklin Templeton Asset Management (India) from launching any new debt scheme for two years and imposed a penalty of Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees of over Rs 512 crore (including interest) collected with respect to the six debt schemes. This amount will be used to repay unitholders, as per Sebi order.

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