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Franklin Templeton to distribute another tranche of Rs 1,115cr to investors The Franklin Templeton Mutual Fund (MF) on Friday said it would distribute another tranche of Rs 1,115.55 crore to the investors of the six shut debt funds. Earlier, the firm had returned about Rs 24,000 crore to the investors. "As advised by the court appointed liquidator (SBI MF), the payment to all investors whose accounts are 'KYC' compliant with all details available will commence from November 22, 2021," a Franklin Templeton spokesperson said. "Post this ...
Franklin Templeton to distribute another tranche of Rs 1,115cr to investors
Franklin Templeton to distribute another tranche of Rs 1,115cr to investors
Source: IANS
20/11/2021 10:01:08 AM
Franklin Templeton returns Rs 23,999 cr to investors of 6 shut schemes The Franklin Templeton Mutual Fund (MF) has said that it has so far returned about Rs 24,000 crore to the unit holders of the six shut debt funds. In a letter to the investors, Sanjay Sapre, President, Franklin Templeton Asset Management (India), said that the cash available for future distribution stands at Rs 693 crore. "As of September 30, 2021, the Funds have already distributed approximately Rs 23,999 crores to the unit holders, representing 95 per cent of the aggregate report...
Franklin Templeton returns Rs 23,999 cr to investors of 6 shut schemes
Franklin Templeton returns Rs 23,999 cr to investors of 6 shut schemes
Source: IANS
14/10/2021 10:12:13 AM
Franklin Templeton's shut schemes now have Rs 1,981 Cr cash for distribution The six shut debt schemes of Franklin Templeton Mutual Fund have Rs 1,981.02 crore of cash available for distribution to the unit holders of the schemes. So far, the fund house has distributed Rs 21,080.34 crore to the investors. Out of the Rs 1,981.02 crore available for distribution as of August 13, Franklin India Ultra Short Bond Fund has Rs 366.81 crore, Franklin India Short Term Income Plan has Rs 597.70 crore and Franklin India Income Opportunities Fund has Rs 440.92 crore, among ...
Franklin Templeton's shut schemes now have Rs 1,981 Cr cash for distribution
Franklin Templeton's shut schemes now have Rs 1,981 Cr cash for distribution
Source: IANS
17/08/2021 1:33:12 PM
Franklin Templeton returns Rs 21,080 cr to investors of 6 shut schemes  Franklin Templeton Mutual Fund has so far returned Rs 21,080 crore to the unit holders of its six shut debt funds. In a letter to investors, Franklin Templeton Asset Management (India) Pvt Ltd President Sanjay Sapre said that the cash available for distribution stands at Rs 1,111 crore as on July 31, 2021. "The six schemes have disbursed a total of Rs 21,080 crore to investors till date. This equals 84 per cent of the AUM as on April 23, 2020, and ranges from 62 per cent to 9...
Franklin Templeton returns Rs 21,080 cr to investors of 6 shut schemes
Franklin Templeton returns Rs 21,080 cr to investors of 6 shut schemes
Source: IANS
12/08/2021 9:21:20 AM
CFMA bats for recovery of remaining Rs 7K cr of FTMF unitholders of 6 shut schemes After helping the unitholders of six frozen debt schemes of Franklin Templeton Mutual Fund (FTMF) recover Rs 17,778 crore in the past one year, the Chennai Financial Markets and Accountability (CFMA), an investor protection body, reiterated on Friday that it would continue to fight till the recovery of the remaining Rs 7,000 crore of the unitholders of the shut schemes. The industry body stated that its dogged pursuit will further help the unitholders recover their principal dues. Meanwhil...
CFMA bats for recovery of remaining Rs 7K cr of FTMF unitholders of 6 shut schemes
CFMA bats for recovery of remaining Rs 7K cr of FTMF unitholders of 6 shut schemes
Source: IANS
16/07/2021 4:43:08 PM
No effect of SEBI order on ongoing monetisation of shut schemes: Franklin Templeton 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 mana...
No effect of SEBI order on ongoing monetisation of shut schemes: Franklin Templeton
No effect of SEBI order on ongoing monetisation of shut schemes: Franklin Templeton
Source: IANS
10/06/2021 9:03:13 AM
Investors of Franklin Templeton's shut schemes to get Rs 3,205 cr The unitholders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore in the week starting from Monday. So far, the fund house has distributed Rs 14,572.34 crore among the concermed investors in three tranches. "Rs 3,205.25 crore of cash is available for distribution as of June 4, 2021 and is being paid to investors in the week commencing June 7, 2021, bringing the total amount distributed to Rs 17,777.59 crores," Sanjay Sapre, President, Fra...
Investors of Franklin Templeton's shut schemes to get Rs 3,205 cr
Investors of Franklin Templeton's shut schemes to get Rs 3,205 cr
Source: IANS
6/06/2021 3:23:41 PM
Investors of Franklin Templeton`s shut schemes to get Rs 2,489 cr more The unitholders of the six shut schemes of Franklin Templeton Mutual Fund will get Rs 2,488.75 crore in the week starting Monday, May 3. This will be the third tranche of disbursement for the investors after the distribution of Rs 9,122 crore across five schemes in February and Rs 2,962 crore last month. "We are pleased to now inform you that SBI Funds Management Pvt Ltd (SBI MF) would be distributing the next tranche of Rs 2,488.75 crore to unitholders across all six schemes. The ...
Investors of Franklin Templeton`s shut schemes to get Rs 2,489 cr more
Investors of Franklin Templeton`s shut schemes to get Rs 2,489 cr more
Source: IANS
3/05/2021 9:02:29 AM
CFMA seeks FTMF repay Rs 14K cr balance to unit-holders of 6 shut funds Chennai Financial Markets and Accountability (CFMA), an investor protection body, on Tuesday raised serious concern about the balance repayment of over Rs 14,000 crore to be made by Franklin Templeton Mutual Fund (FTMF) to its three lakh unit-holders in the six shut debt schemes. "FTMF has paid Rs 9,122 crore and an additional Rs 2,962 crore is being repaid this week, taking the total pay-out to only Rs 12,074 crore of the total outstanding of Rs 26,670 crore," it noted. The i...
CFMA seeks FTMF repay Rs 14K cr balance to unit-holders of 6 shut funds
CFMA seeks FTMF repay Rs 14K cr balance to unit-holders of 6 shut funds
Source: IANS
13/04/2021 5:39:15 PM
Investors of Franklin Templeton`s shut schemes to get Rs 2,962 cr The investors of the six shut schemes of Franklin Templeton Mutual Fund are set to receive Rs 2,962 crore in the coming week. This would be the second tranche of disbursement to the investors after the distribution of Rs 9,122 crore across five schemes in February. "We are pleased to inform you that SBI MF would be distributing the next tranche of Rs 2,962 crore to unitholders across all 6 schemes. The payment to all investors whose accounts are KYC compliant with all details avail...
Investors of Franklin Templeton`s shut schemes to get Rs 2,962 cr
Investors of Franklin Templeton`s shut schemes to get Rs 2,962 cr
Source: IANS
11/04/2021 2:59:46 PM
Franklin Templeton`s shut funds receive Rs 15,776 cr The six shut schemes of Franklin Templeton Mutual Fund have received Rs 15,776 crore so far from maturities, pre-payments and coupons. In a statement, the fund house said that all the schemes are cash positive as on March 31, 2021. "From April 24, 2020 to March 31, 2021, the six schemes under winding up have received INR 15,776 crore from maturities, pre-payments, and coupons. All schemes are cash positive as on March 31, 2021," it said. It further said that in five out of ...
Franklin Templeton`s shut funds receive Rs 15,776 cr
Franklin Templeton`s shut funds receive Rs 15,776 cr
Source: IANS
3/04/2021 8:56:05 AM
No plans to exit India business: Franklin Templeton Franklin Templeton India's president Sanjay Sapre has said that the fund house has no plans to exit its India business. The statement comes at a time when media reports suggested that Franklin Templeton had requested for talks with the Indian Ambassador to the US over the capital market regulator SEBI's probe into six shut debt schemes of the fund house in the country. The reports also said that Franklin Templeton had threatened to exit India operations if it was not given a fair h...
No plans to exit India business: Franklin Templeton
No plans to exit India business: Franklin Templeton
Source: IANS
2/04/2021 12:47:22 PM
FTMF repaid `zero to minuscule` amount to unit-holders of 2 shut funds: CFMA The Chennai Financial Markets and Accountability (CFMA), an investor protection organisation, said on Wednesday that Franklin Templeton Mutual Fund (FTMF) has failed to honour its commitment made before the Supreme Court to distribute Rs 9,122 crore to all the unit-holders of its six closed schemes, and paid 'zero to minuscule' amount to the investors of two shut funds. Out of the distributable amount, the CFMA noted, the FTMF has not paid a single paisa to the hapless unit-holders...
FTMF repaid `zero to minuscule` amount to unit-holders of 2 shut funds: CFMA
FTMF repaid `zero to minuscule` amount to unit-holders of 2 shut funds: CFMA
Source: IANS
25/03/2021 9:29:32 AM
FTMF: SC upholds e-voting of unit holders, Rs 9,122Cr to be disbursed The Supreme Court on Friday upheld the validity and results of e-voting of unit holders of six mutual schemes of Franklin Templeton and said Rs 9,122 crore will be disbursed as per its earlier order. On February 2, the Supreme Court had directed Franklin Templeton Mutual Fund (FTMF) to distribute Rs 9,122 crore among unit-holders of the six schemes that were shut by the mutual fund house in April last year. The court had said the distribution of funds need to be undertaken by the SBI Mu...
FTMF: SC upholds e-voting of unit holders, Rs 9,122Cr to be disbursed
FTMF: SC upholds e-voting of unit holders, Rs 9,122Cr to be disbursed
Source: IANS
12/02/2021 12:59:10 PM
SC asks FTMF to disburse Rs 9,122 cr to investors; CFMA cheers for unit-holders The Supreme Court on Tuesday directed Franklin Templeton Mutual Fund (FTMF) to distribute Rs 9,122 crore among unit-holders of the six schemes that were shut by the mutual fund house in April last year and said the distribution of funds need to be undertaken by the SBI Mutual Fund and completed within 20 days. The Apex court said the unit-holders should be repaid in proportion to their respective share in assets of the scheme and the distribution of funds would be undertaken by the SBI Mut...
SC asks FTMF to disburse Rs 9,122 cr to investors; CFMA cheers for unit-holders
SC asks FTMF to disburse Rs 9,122 cr to investors; CFMA cheers for unit-holders
Source: IANS
3/02/2021 9:32:22 AM
CFMA sees poetic justice for MF investors through 6 FTMF shut funds case in SC Chennai Financial Markets and Accountability (CFMA), an organisation fighting for the cause of investors, said on Saturday that the judiciary is the last and only hope for over three lakh unit holders of Franklin Templeton Mutual Fund (FTMF) who are poised to face 50 per cent erosion of their principal invested amount of Rs 28,000 crore if the winding-up of its six debt funds are allowed, and the ruling would also set a precedent for three crore mutual fund unit holders in India. In April ...
CFMA sees poetic justice for MF investors through 6 FTMF shut funds case in SC
CFMA sees poetic justice for MF investors through 6 FTMF shut funds case in SC
Source: IANS
30/01/2021 4:59:45 PM
Franklin Templeton`s shut funds receive Rs 13,789 cr so far The six shut schemes of Franklin Templeton Mutual Fund have received cash flows of Rs 13,789 crore since winding up in April, 2020 till January 15, 2021. According to the fund house during January 1-15, these schemes received Rs 669 crore, of which Rs 617 crore was as pre-payments. Further, the cash available as of January 15, 2021 stands at Rs 9,190 crore for the five cash positive schemes, subject to fund running expenses. Individually, Franklin India Low Duration Fund, Franklin In...
Franklin Templeton`s shut funds receive Rs 13,789 cr so far
Franklin Templeton`s shut funds receive Rs 13,789 cr so far
Source: IANS
17/01/2021 1:53:46 PM
CFMA accuses AMFI of protecting Franklin Templeton MF against EOW FIR The Chennai Financial Markets and Accountability (CFMA), an investor group, on Thursday accused the Association of Mutual Funds in India (AMFI), a nodal association of mutual funds across India, of protecting Franklin Templeton Mutual Fund (FTMF) and its senior management against an FIR registered with the Economic Offences Wing of Chennai Police. The CFMA alleged that the AMFI, the body claims to protect and promote the interests of mutual funds and their unitholders, has been a mute spec...
CFMA accuses AMFI of protecting Franklin Templeton MF against EOW FIR
CFMA accuses AMFI of protecting Franklin Templeton MF against EOW FIR
Source: IANS
1/10/2020 1:19:29 PM