June 11, 2020

Franklin Investors – Neither the regulator nor regulated entity to your rescue. It’s the Court!

Vidya Bala / Mutual funds & ETFs / June 11, 2020

Now, with Franklin India AMC facing multiple lawsuits on the manner of winding up its six debt funds – the saga has taken a new turn.
• Lawsuits by unitholders against Franklin bring to light the fact that the rights of unitholders under SEBI regulations are ambiguous. It cannot simply be assumed that unitholders rights are limited to simply voting for liquidating a fund’s assets.
• In communicating with unitholders, Franklin’s line of argument also comes across as somewhat high-handed.

Franklin Investors – Neither the regulator nor regulated entity to your rescue. It’s the Court! Read More »

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June 11, 2020

Franklin Investors – Neither the regulator nor regulated entity to your rescue. It’s the Court!

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