Home / Markets / News / Finance Ministry, Sebi question mutual funds on Franklin Templeton fiasco

Finance Ministry, Sebi question mutual funds on Franklin Templeton fiasco

Govt gives RBI go-ahead to ensure liquidity; distributors seek special window for small investors

Premium

Industry experts said Franklin’s action would impact as many as 310,000 investors, of whom 300,000 are retail and high net worth investors

Jash Kriplani Arup Roychoudhury Joydeep Ghosh Mumbai/New Delhi

4 min read Last Updated : Apr 27 2020 | 12:58 AM IST

The finance ministry and the Securities and Exchange Board of India (Sebi) had discussions with the mutual fund (MF) industry on Sunday to assess the fallout of the Franklin Templeton fiasco. The regulators and the ministry are worried about the impact of Franklin Templeton MF’s move to wind up six of its debt schemes, and its repercussions on the corporate debt market.

Industry experts said Franklin’s action would impact as many as 310,000 investors, of whom 300,000 are retail and high net worth investors.

Industry players had conference calls on Sunday afternoon, first with Sebi, followed by another call with

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in