Sebi, not EOW, should handle mutual fund issues: Franklin Templeton

Sebi, the specialised regulator for the securities market, is best placed to handle any issues related to mutual fund investments, FT said in a note to unitholders

Franklin Templeton Asset Management India (FTAMIL) has said the Securities and Exchange Board of India (Sebi) -- rather than the Economic Offences Wing (EOW) – should deal with issues related to mutual fund investments.

“We have the utmost respect for all statutory authorities, including EOW. However, we believe that Sebi, the specialised regulator for the securities market, is best placed to handle any issues related to mutual fund investments,” Templeton said in a note to unitholders on Monday.

Last week, the EOW of the Chennai Police registered a first information report (FIR) against FTAMIL and Franklin Templeton Trustee Services for