 "Franklin Templeton MF")
The Securities and Exchange Board of India (Sebi) on Monday slapped a penalty of Rs 5 crore on Franklin Templeton Mutual Fund (FT MF) for “several irregularities” in the running of its six debt schemes that were wound up in April 2020.
The market regulator directed the fund house to disgorge Rs 451 crore (Rs 512 crore after interest) it collected as investment management and advisory fees between June 2018 and April 2020.
Further, the US-headquartered asset manager has been prohibited from launching any new debt scheme for a period of two years.
“The findings in the instant proceedings have
