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What Went Wrong at Axis Mutual Fund

Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu. Illustration: Uttam Ghosh/Rediff.com Recently, Axis Mutual Fund removed......

Decoded: What went wrong with the six schemes of Franklin Templeton

All schemes were holding highly illiquid and large portions of low-rated securities. As a result, the fund house had challenges meeting the redemption requests. Samie Modak explains. The......

Franklin Templeton scotches rumours of exiting India

Any speculation suggesting otherwise, or any rumours around sale of our business in India are incorrect and simply that -- rumours, says head of the US-based asset manager. US-headquartered asset......

Franklin unitholders to get Rs 1,200 cr in second tranche

Sources said SBI Funds Management will distribute the proceeds to unitholders following liquidation of some securities held under the scheme. Unitholders of Franklin India Ultra Short Bond Fund,......

ED slaps money laundering case on Franklin MF

The ED case follows the police complaint for alleged criminal conspiracy and defrauding investors. Franklin Templeton Mutual Fund (MF), which shut its six schemes in April 2020, is facing the heat......

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