Franklin Templeton

Franklin Templeton Mutual Fund announces first debt fund since 2020 crisis

The ultra-short duration fund was one of the funds among the six offerings that were shuttered in 2020

Franklin Templeton launches Franklin India Multi Cap Fund: Check details

Fund will maintain a minimum exposure of 25 per cent in each market cap category

Intend to remain invested to fullest extent possible: CIO Janakiraman

Janakiraman suggests that while equity returns may trail underlying earnings growth, investors with a risk appetite should persevere with the systematic investing approach

On a comeback trail, Franklin Templeton MF plans series of debt launches

Timeline not fixed, choice of fund will depend on investor demand

Mark Mobius plans to step back from Mobius Capital in coming months

In 2018, Mobius retired from Franklin Templeton Investments after three decades at the firm

As economy expands, growth becomes more deep-rooted: Anand Radhakrishnan

Radhakrishnan adds that the realistic expectation should be a correction in mid and smallcaps rather than a further rally in largecaps to bring down the valuation differential

MFs hungry for bigger slice of banking pie amid growing investor inflows

Seek to exceed RBI's 5% ownership threshold

Franklin Templeton MF credibly managed post-Covid debt crisis: Parekh

FT MF had wound up six of its debt schemes in April 2022, citing redemption pressure amid a lack of liquidity in the bond market

Franklin Templeton Asset Management gets Rs 1,398 cr from Vodafone Idea

Franklin Templeton Mutual Fund on Friday said it has received Rs 1,398 crore as payment from Vodafone Idea for investment in its debt instruments, which will be distributed among investors of the segregated portfolios. The amount will be given to unitholders in proportion to their holdings in the plans of the segregated portfolio. "We have received the annual interest amounting to Rs 148.34 crore and the full value of the principal due on maturity amounting to Rs 1,250 crore from Vodafone Idea Ltd for the security (non-convertible debenture) on September 1, 2023, and held in the five segregated portfolios," the fund house said in a statement. The five segregated portfolios are -- Franklin India Low Duration, Franklin India Short Term Income Plan, Franklin India Credit Risk, Franklin India Dynamic Accrual, and Franklin India Income Opportunities Fund. These schemes had made investments in Vodafone Idea.. Franklin Templeton MF side-pocketed its exposure in the telecom player and in .

SBI Mutual Fund completes Franklin Templeton's debt fund asset sale

Investors in the six shuttered schemes get Rs 27,508 crore, 9% higher than what funds owed in 2020

Franklin AMC appoints debt head, explores foray into alternatives business

Franklin Templeton aims to rejuvenate its presence in the debt space with Rahul Goswami leading the charge

Franklin Templeton MF says returned over Rs 27,000 crore to investors

Franklin Templeton Mutual Fund (MF) on Tuesday said it has returned over Rs 27,000 crore to unit holders of six shuttered debt schemes till date. The amount translates to around 107.51 per cent of the aggregate reported assets under management value across the six funds as of April 23, 2020, when the fund house announced shutting the six debt mutual fund schemes, citing redemption pressures and lack of liquidity in the bond market. Only short term income plan has some miniscule assets that have to be liquidated, according to a Franklin Templeton spokesperson. The six schemes had collective assets under management of Rs 25,215 crore, when the decision to close the funds was announced, it said in a statement. The schemes were 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 Opportunities Fund -- In a separate statement, Frankl

Franklin Templeton planning to enter private credit industry in India

The firm will soon file with the Securities and Exchange Board of India for a license for a category II Alternative Investment Fund, which will allow it to begin preparing for the private credit fund

ED knocks at the door of Franklin Templeton execs, conducts searches

Sebi in 2021 barred firm from launching new debt schemes for violating norms in winding up of 6 debt schemes

ED conducts searches at Franklin Templeton offices in Mumbai, Chennai

The Enforcement Directorate is conducting searches at some places linked to asset manager Franklin Templeton and its former and current executives in Mumbai and Chennai as part of a money laundering investigation, officials said. The federal agency is looking to gather more evidence as part of its investigation against the company and its promoters under the Prevention of Money Laundering Act (PMLA), they said. In November 2020, capital markets regulator Sebi issued a show-cause notice to the company following its April 2020 decision to wind up six debt schemes having Rs 25,000 crore of assets under management (AUM) from 3 lakh investors, citing liquidity challenges because of the pandemic. Eventually, the company was asked to pay Rs 5 crore as penalty, return over Rs 450 crore collected as 22-month investment management and advisory fees, and was banned from launching new debt schemes for alleged irregularities in running the six debt schemes. The Chennai police economic offences

India's fallen tech darlings value buys for Franklin after $20 bn wipeout

Funds managed by Franklin Templeton bought at least 3.3 million shares of e-commerce logistics provider Delhivery Ltd. and more than 2 million shares of PB Fintech Ltd

Indian markets looking better in 2023: Franklin Templeton's Radhakrishnan

In an interview to Bloomberg television, he also said that valuations have become more moderate, allowing for more reasonable return possibilities for 2023

'Investors are building all data points into their market assessment'

Ajay Argal of Franklin Templeton believes that any change in stance to lower the pace or the quantum of rate hikes could provide an interim positive trigger for the markets.

Go beyond the rulebook, follow the money

The track record of Sebi and the Securities Appellate Tribunal makes it appear that their effort is to help and not hurt the accused

Sanjay Sapre to step down as president of Franklin Templeton in June 2022

Avinash Satwalekar, currently is the country head of Malaysia and will relocate to India as president - designate effective April 1, 2022.