Franklin Templeton India is back with fixed maturity plans
7 years ago

Franklin Templeton India is back with fixed maturity plans

Live Mint  

What is so great about Franklin Templeton Asset Management Ltd launching a new fixed maturity plan? And that’s why, distributors tell us, companies didn’t invest in Franklin Templeton India’s debt funds as much as with other fund houses. For the past many years, Franklin Templeton India’s debt funds have preferred to invest in corporate bonds of companies that, it feels, are well-managed but have weak credit rating. Although Santosh Kamath, managing director-fixed income, Franklin Templeton Investments, India, has government securities funds under his fixed income funds’ division, for the past many years, many of their debt funds have focused on identifying weak credit rated-companies but where they see potential—this is an area where Kamath and his team earned many bouquets and some brickbats over the years. Steady income Fund houses typically sell FMPs to corporate investors and high net worth individuals as products that give stable and some sort of assured returns if investors stay till maturity.

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History of this topic

Franklin Templeton plans first India debt fund after a $3 billion freeze
7 months, 1 week ago

Franklin Templeton plans first India debt fund after a $3 billion freeze

Hindustan Times  

Franklin Templeton Asset Management India Pvt. will introduce its first India debt fund after it wound up 252.15 billion rupees of such plans more than four years ago. Franklin is returning to India’s debt market with a fund offer for the first time since April 2020 {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The new fund offer of Franklin India Ultra Short Duration …

Franklin Templeton Case: Decision To Wind Up Was A Camouflage By Trustees Using COVID-19 As An Excuse: Unit Holder Submits Before Supreme Court
4 years, 1 month ago

Franklin Templeton Case: Decision To Wind Up Was A Camouflage By Trustees Using COVID-19 As An Excuse: Unit Holder Submits Before Supreme Court

Live Law  

"The winding up of Franklin Templeton which was a camouflage by the trustees using Covid as an excuse." Franklin Templeton India's President sent a mail to SEBI on subject of Liquidity Management suggestions in wake of Covid and suggested measures to assuage investor fears and improve liquidity of mutual funds. A proposal was sent by Franklin Templeton to SEBI to …

Supreme Court Directs Distribution Of 9122 Crores To Unit Holders Under Franklin Templeton's Six Mutual Fund Schemes
4 years, 1 month ago

Supreme Court Directs Distribution Of 9122 Crores To Unit Holders Under Franklin Templeton's Six Mutual Fund Schemes

Live Law  

The Supreme Court has on Tuesday directed that amount of 9122 crores that is cash ready with Franklin Templeton as on 15th January 2021 be distributed amongst the unit holders under the six mutual fund schemes. If Franklin Templeton can give a commitment that principal of unit holder is safe and it will honour its commitment no unit holder will …

Franklin Templeton Case: Supreme Court Asks Sebi to Appoint Observer for E-voting Process
4 years, 3 months ago

Franklin Templeton Case: Supreme Court Asks Sebi to Appoint Observer for E-voting Process

News 18  

The Supreme Court on Wednesday asked the Securities and Exchange Board of India to appoint an observer for overseeing the e-voting process, scheduled in the last week of December, for winding up of Franklin Templeton’s six mutual fund schemes. The apex court is hearing an appeal filed by Franklin Templeton against the Karnataka High Court order which stopped the fund …

Franklin Templeton to seek unitholders’ vote for winding up schemes. What it means for investors?
4 years, 3 months ago

Franklin Templeton to seek unitholders’ vote for winding up schemes. What it means for investors?

Live Mint  

The Supreme Court on December 3, 2020 issued an interim order allowing the Trustee of Franklin Templeton to seek consent of the unitholders for the winding up of the six schemes. The fund house will now be proceeding with next steps to seek unitholder consent for the winding up of the six schemes. The objective of the voting exercise is …

Franklin Templeton MF's six shut schemes garner Rs 941 crore in fortnight
4 years, 4 months ago

Franklin Templeton MF's six shut schemes garner Rs 941 crore in fortnight

India TV News  

Franklin Templeton Mutual Fund on Wednesday said its six shut schemes have received Rs 941 crore from maturities, pre-payments and coupon payments in a fortnight. Individually, Franklin India Ultra Short Bond Fund, Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund and Franklin India Credit Risk Fund have 43 per cent, 27 per cent, 26 per cent and 8 …

Franklin Templeton MF’s six shut schemes garner ₹941 cr in fortnight
4 years, 4 months ago

Franklin Templeton MF’s six shut schemes garner ₹941 cr in fortnight

Live Mint  

Franklin Templeton Mutual Fund on Wednesday said its six shut schemes have received ₹941 crore from maturities, pre-payments and coupon payments in a fortnight. Franklin Templeton MF shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market. The six schemes received ₹941 crore from maturities, pre-payments and coupon payments during …

Franklin Templeton MF's closed schemes receive Rs 1,498 crore in two weeks
4 years, 6 months ago

Franklin Templeton MF's closed schemes receive Rs 1,498 crore in two weeks

India TV News  

Franklin Templeton Mutual Fund on Thursday said its six shut schemes have received about Rs 1,498 crore from maturities, pre-payments and coupon payments in the second half of August. These include Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin …

Franklin Templeton MF's Shut Schemes Receive Rs 5,000 Crore Since Closure
4 years, 7 months ago

Franklin Templeton MF's Shut Schemes Receive Rs 5,000 Crore Since Closure

News 18  

Franklin Templeton Mutual Fund's six shut schemes have received about Rs 5,000 crore from maturities, pre-payments and coupon payments since the announcement of their closure in April. These include Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income …

Franklin Templeton mutual fund may take over five years to return some fund
4 years, 10 months ago

Franklin Templeton mutual fund may take over five years to return some fund

Live Mint  

Investors in some of the credit funds run by Franklin Templeton’s India unit may have to wait over five years to fully recoup their money, the asset manager said in an email to investors. The development is the latest turn after the company shut six debt schemes last month in the country’s biggest-ever fund freeze, which triggered shock waves in …

Franklin Templeton fiasco | What does it mean for investors in mutual funds? | The Hindu In Focus Podcast (Expert View)
4 years, 10 months ago

Franklin Templeton fiasco | What does it mean for investors in mutual funds? | The Hindu In Focus Podcast (Expert View)

The Hindu  

Franklin Templeton, one of India’s top 10 mutual fund houses, announced last week that it would be winding up six of its debt schemes. The development sent shockwaves through the mutual funds industry, and this week, the RBI announced a ₹50,000-crore “liquidity window” specially for mutual funds, to help them tide over redemption pressures. And what does this mean for …

Franklin Templeton MF committed to return investors money at earliest, says company president Sanjay Sapre
4 years, 11 months ago

Franklin Templeton MF committed to return investors money at earliest, says company president Sanjay Sapre

Firstpost  

Franklin Templeton Mutual Fund, which closed six of its debt funds citing redemption pressures and lack of liquidity in the bond markets, on Monday said it is committed to return investor money at the earliest New Delhi: Franklin Templeton Mutual Fund, which closed six of its debt funds citing redemption pressures and lack of liquidity in the bond markets, on …

Franklin Templeton impact: RBI announces Rs 50,000 cr special liquidity facility for mutual funds
4 years, 11 months ago

Franklin Templeton impact: RBI announces Rs 50,000 cr special liquidity facility for mutual funds

Firstpost  

The RBI said heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds The Reserve Bank of India on Monday announced a Rs 50,000 crore special liquidity facility for mutual fund, days after Franklin Templeton Mutual Fund decided to close six debt schemes. Fund houses in India have struggled to allay investors’ fears of …

Why Franklin closed 6 funds
4 years, 11 months ago

Why Franklin closed 6 funds

The Hindu  

What has Franklin Templeton Mutual Fund done? Franklin Templeton Mutual Fund has decided to wind up six debt funds with combined assets under management of almost ₹26,000 crore. The schemes that have been shut are Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short …

Franklin Templeton says discussed decision to shut 6 MF schemes with SEBI; regulator saw 'reason' in move
4 years, 11 months ago

Franklin Templeton says discussed decision to shut 6 MF schemes with SEBI; regulator saw 'reason' in move

Firstpost  

Franklin Templeton says investors will have to wait for a few months to get their money Mumbai: A day after its shocking decision to close six debt schemes, Franklin Templeton Mutual Fund on Friday said it had engaged with SEBI on the decision and the capital markets regulator saw “reason” in its move aimed at protecting value for investors. The …

Franklin Templeton debt schemes: All you should know about the crisis
4 years, 11 months ago

Franklin Templeton debt schemes: All you should know about the crisis

India TV News  

In an unprecedented decision, Franklin Templeton Mutual Fund on Thursday decided to shut six of its open-ended debt schemes oriented towards high-yield investments citing continued redemption pressure and lack of liquidity in the debt markets amid the lockdown and the coronavirus pandemic. These six schemes are: Franklin Templeton debt schemes shut: All investors need to know As the Franklin Templeton …

Franklin Templeton to close six India funds; first instance of fund house shutting schemes due to coronavirus triggered crisis
4 years, 11 months ago

Franklin Templeton to close six India funds; first instance of fund house shutting schemes due to coronavirus triggered crisis

Firstpost  

“The decision has been taken in order to protect value for investors via a managed sale of the portfolio,” the Franklin Templeton Mutual Fund said in a statement. In an unprecedented move, Franklin Templeton Mutual Fund has voluntarily decided to wind up its six debt schemes citing redemption pressure and lack of liquidity in bond markets due to coronavirus pandemic, …

Franklin Templeton MF winds up six credit funds due to covid-19
4 years, 11 months ago

Franklin Templeton MF winds up six credit funds due to covid-19

The Hindu  

Franklin Templeton Mutual Fund has decided to wind up six credit funds on account of the liquidity crisis following the coronavirus pandemic. "In light of the severe market dislocation and illiquidity caused by the COVID-19 pandemic, this decision has been taken in order to protect value for investors via a managed sale of the portfolio," said a statement from Franklin …

India’s growth untouched by 2019 Lok Sabha poll outcome: Franklin Templeton
6 years, 1 month ago

India’s growth untouched by 2019 Lok Sabha poll outcome: Franklin Templeton

Live Mint  

India’s biggest foreign-owned money manager expects the nation’s economic growth and company earnings to be insulated from national elections even as stock market volatility increases in the run-up to voting. “Elections can only boost or dampen sentiment depending on the news flow, but they won’t massively impact the underlying earnings and economic growth of India,” said Anand Radhakrishnan, chief investment …

Franklin Templeton Investments Launches Corporate Bond Fund
13 years, 4 months ago

Franklin Templeton Investments Launches Corporate Bond Fund

India TV News  

Mumbai, Nov 9: Franklin Templeton Investments has launched a NFO 'Templeton India Corporate Bond Opportunities Fund' aiming to help investors take advantage of the current high yields and to build a strong presence in pure fixed income space. "We believe that the corporate bond market provides good opportunities in India for multiple reasons, including a fast growing economy, strong corporate …

Franklin Templeton Capital Protection skips the Sensex fall
17 years, 2 months ago

Franklin Templeton Capital Protection skips the Sensex fall

Live Mint  

The National Stock Exchange slid by 715 points on Monday, closing 13% down at 4,990, but one stock surprisingly managed to yield a two-digit return. Franklin Templeton Capital Protection 3 Year-Growth Fund, which is a capital guarantee fund and is listed on the exchange, gained 20% at Rs37 on a trading day gone awry. Capital protection plans are either simple …

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