Plans to aggressively expand engineering and customer service teams in Hyderabad facility
With this, the total disbursement will reach Rs 21,080 crore, amounting to 84 per cent of assets under management (AUM) as on April 23, 2020, a Franklin Templeton MF spokesperson said
Sebi, last month, had imposed a market ban on Franklin Templeton's Asia Pacific head Vivek Kudva and his wife Roopa for redeeming units of Franklin Templeton MF schemes while in possession of non-public information
During the week starting June 7, the unitholders of the six shut schemes of the Franklin Templeton Mutual Fund will get Rs 3,205.25 crore.
As part of their response to the prevailing Covid situation, Hysea along with its member companies and NGO partner Nirmaan identified key government hospitals wherein there is a need for staff, critical lifesaving equipment
The fund house shut its six debt mutual fund schemes in April 2020 citing redemption pressures and lack of liquidity in the bond market.
In a letter to investors Franklin Templeton Asset Management (India) Pvt Ltd President Sanjay Sapre said, "we have no plans to exit our India business"
The fund house had shut six debt mutual fund schemes on April 23 last year, citing redemption pressures and lack of liquidity in the bond market.
Crisil analysis has found that none of the AMCs is exposed to the risk though 36 schemes.
A bench of Justices S A Nazeer and Sanjiv Khanna said that the disbursal of money would be done in proportion to unitholders' interest in the assets.
Cairn, which on this day seven years back was first slapped with a retrospective tax assessment, is three-fourth owned by world's top investors with $529 billion MFS Investment Management of US being its largest investor with 14.02% stake
Interacting with IT and Industries Minister KT Rama Rao over a video conference on Monday, the company representatives made an announcement in this regard.
Further, five out of the six schemes have already turned and have close to Rs 8,527 crore available to return to unit holders, subject to fund running expenses.
SC agreed to hear an appeal filed by Franklin Templeton against the Karnataka HC order which stopped the fund house from winding up its debt fund schemes without prior consent of the investors
Franklin Templeton MF shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market.
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