Six shut debt MF schemes distributed Rs 14,572 cr till May: Franklin
SECTIONS
Last Updated: Jun 03, 2021, 01:35 AM IST
Share
Synopsis Franklin Templeton Mutual Fund (MF) on Wednesday said its six shuttered debt schemes distributed ₹14,572 crore to investors till May-end. Further, cash to the tune of ₹2,642 crore was available for distribution as of May 31, Franklin Templeton MF said in a statement.
Franklin Templeton Mutual Fund (MF) on Wednesday said its six shuttered debt schemes distributed ₹14,572 crore to investors till May-end. Further, cash to the tune of ₹2,642 crore was available for distribution as of May 31, Franklin Templeton MF said in a statement. The fund house shut its six debt mutual fund schemes in April 2020 citing redemption pressures and lack of liquidity in the bond market.
Explore Now
MUMBAI: The Securities Appellate Tribunal (SAT) has stayed the regulator s Rs 25 crore fine on
YES Bank in the case of mis-selling of additional Tier 1 (AT1) bonds to investors. The tribunal has given Sebi four weeks to respond and has posted the matter for a final hearing on July 30.
Last month, Sebi had found YES Bank and three of its employees, including its then private wealth management head, guilty of mis-selling these bonds to retail investors and had imposed a Rs 25 crore fine on the bank. The head of the wealth management was fined Rs 1 crore while two other employees were fined Rs 50 lakh each.
Explore Now
MUMBAI: Several high-profile sovereign wealth funds, foreign institutional investors and domestic institutional investors lapped up shares of
SBI Life Insurance Company today after the Carlyle-arm fund sold some stake via the open market.
CA Emerald Investments sold 42.3 million shares or 4.22 per cent stake in the life insurer through several block deals on the BSE earlier today. The private equity fund’s stake has now fallen to 1.78 per cent.
However, marquee investors such as Abu Dhabi Investment Authority, Norges Bank, Government of Singapore, Monetary Authority of Singapore and Kuwait Investment Authority nibbled on the company’s stock.
Among FPIs, the prominent buyers included Morgan Stanley Asia, Societe Generale, Amazon Market Neutral Fund, Copthall Mauritius Investment, Baron Emerging Market Fund, Vanguard Total International Index Fund and Integrated Strategies.