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Credit risk funds category continued to suffer in the month of April as well more so after Franklin Templeton shut its six debt funds including a credit risk fund citing liquidity constraints The data comes just after Franklin Templeton India shut down six debt funds citing liquidity constraints.Is there a Franklin Templeton Mutual Fund in India?
Franklin Templeton Mutual Fund, one of the earliest overseas money managers to start operations in India, has seen a slew of executive departures in the past few months amid the regulatory and legal proceedings involving liquidation of its six debt schemes.Who is the current CEO of Franklin Templeton?
In continuation of its investigation into Franklin Templeton's conduct with its debt schemes, SEBI imposed monetary fine of Rs 3 crore on CEO Sanjay Sapre, and CIO, Fixed Income Santosh Kamath. SEBI’s order on Franklin Templeton will nudge other fund houses to temper credit risks in their debt schemesWhat are the six funds that Franklin Templeton is winding up?
The sole objective of this decision was to safeguard value for our investors. The six schemes under winding up include Franklin India Ultra Short Bond Fund, Franklin India Low Duration Fund, Franklin India Short Term Income Plan, Franklin India Income Opportunities Fund, Franklin India Credit Risk Fund and Franklin India Dynamic Accrual Fund.