Read more about Franklin Templeton moves to calm Indian investors after new debt fund ban on Business Standard. SEBI barred Franklin from launching any new debt schemes for two years after a probe into its sudden closure of six credit funds last year found serious lapses and violations
The SEBI on Monday barred Franklin from launching any new debt schemes for two years after a probe into its sudden closure of six credit funds last year found
Franklin Templeton says it has no plans to exit India
In a letter issued on Friday, Franklin Templeton President Sanjay Sapre said the fund house had the greatest regard for and absolute trust in SEBI
Franklin Templeton had shut six debt mutual fund schemes on April 23 last year, citing redemption pressures and lack of liquidity in the bond market
Franklin Templeton s President Sanjay Sapre has said that the fund house has no plans to exit its India business.
Some media reports had earlier indicated that Franklin Templeton had requested discussions with the Indian Ambassador to the US over the SEBI (Securities and Exchange Board of India) probe into six of its shut debt schemes.
6 Franklin Templeton schemes under winding up process turn cash positive businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.