Sebi asks Franklin Templeton MF to return investors' money at earliest following closure of its six schemes with over ₹25,000 cr in assets Mumbai: Franklin Templeton global president Jennifer M.
Johnson’s statement on regulatory reasons behind shutting down its six debt schemes in India has not gone down well with Securities and Exchange Board of India (Sebi).
In a statement late evening on Thursday Sebi said that it has advised Franklin Templeton India to focus on refunding investors' money at the earliest following closure of its six schemes with over ₹25,000 cr in assets It also said that despite being given ample time to bring down investments in unlisted bonds to 10% some fund schemes have chosen to have high concentration risk. "Desp