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Enterprise Tit-Bits: The Templeton Crimes Story

It was in April final yr, that Franklin Templeton (FT) the worldwide big, introduced the sudden closure of 6 debt mutual funds schemes, placing investor cash of about Rs. 30000 crores in utter uncertainty. The sudden closure of those MF schemes meant that the investor cash was caught until maturity of the funds, with no exit until then and the looming uncertainty about valuation and supreme realisation of investor dues. Whereas panic unfold among the many buyers and there have been fears of a contagion impact, a fast have a look at the portfolio of every of the six funds confirmed a pathetic portfolio, clearly indicating a mismanagement of funds. Its excessive profile CEO and fund managers had made questionable investments in illiquid securities of unlisted firms, with unsure returns and exit too. The buyers and the authorities, each cried foul, regardless that Franklin Templeton, with worldwide property of over $ 700bn underneath its administration, denied any mismanagement or violations and falsely assured buyers {that a} majority of the investments are in superior high quality safety and that the funds have sufficient liquidity to deal with redemptions. It mentioned that the choice to shut the funds was taken to guard investor pursuits, through a managed sale of the portfolios.

#FranklinTempleton #SEBI #ED

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23 Comments

  1. A Mohamed RafiqRowther

    People of India looted by bjp modi government for petrol, approximately 30 lakh crore, 30 rs petrol is 90 rs sale, planning atta daal etc rise price for 5 trillion dollar economy, this is bjp government, jai jawan jai kishan jai hind jai bharat jai people unity.

    Reply
  2. Vasu Garg

    Relieved to know ED works in public interest too in addition to working for govt vendetta.

    Reply
  3. Tiger Pass

    The whole financial system is in doldrums.

    Reply
  4. Petronilla Tauro

    I have invested in a midcap equity fund with them since last 5 yrs. which is doing better than HDFC in similar category. Should i get out now. Any advise anyone?

    Reply
  5. kaypee

    There is an old saying that your money in other's pocket is not your money. The saying is coming to haunt us as one institution after another is falling foul. The nice word, "integrity deficit" is a disease that common folk would call as thievery. It has begun to affect one institution after another at first the NBFCs, then Banks, then broking houses, then share transfer and merchant bankers and now mutual fund houses. . Each time smart explanations are made to deceive the investors. The public at large is truly and viciously squeezed. The denudation of moral and ethical values is likely to infect ordinary people and this would be dangerous for our entire country.

    Reply
  6. Rekha Gulati

    Indian Managers have swindled the people , clearly the example is Canbonus and other funds floated in late 70's.I got just 0.50paisa majority of the funds invested at that.I am making it very brief otherwise there is lot to write.

    Reply
  7. Rajesh Student

    Indian financial systems and Banking sectors has totally failed ,Can't handle Fluctuations.

    Reply
  8. Ratna Mani

    The Stock Market Seems to be on
    Top a Big Bubble.

    Banks are Already on the Verge
    of Collapsing. 🤷‍♀️

    Reply
  9. Byculla Wala

    The question that honestly arises " Is there ANY honesty existing in India " EVERY incidance points to a DEN of THIEVES. Jai shree Ram.

    Reply
  10. LAKKUNDI ANANDA Pramod

    Akhilesh Ji, wait for Stagflation and Financial Emergency
    like situation in this country sooner than later.

    Reply
  11. Raghunath Ishwar

    BabuDom , Tanashahi, Chaliyagiri👊😑👊 Z!NDABAAD

    Reply
  12. Punnavanam Subbiah

    Will their be a PLI to such productions of disaster by top executives money market ??

    Reply
  13. R J

    The e-voting by the investors raised many questions about its fairness and outcome.

    Reply
  14. Ritesh Kumar

    Very informative video.
    Thanks for sharing.

    Reply
  15. C R

    Very informative. Thank you.

    Reply
  16. Pinaki Dutt

    Even SEBI officials should be booked for dereliction of duty. What were they doing as FT mf did all these shenanigans.

    Reply
  17. Sharad Sakorkar

    A need for quick disposal of cases such as these followed by punitive action against those responsible. Is it possible in our judicial system?

    Reply
  18. Shivakumar Burli

    Mutual fund sahi nahi hi, amfi.must stop this caption!

    Reply

Leave a Reply

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