Third case filed against Franklin Templeton Mutual Fund for shutting schemes
The Delhi High Court has issued notice to the trustee and asset management company of Franklin Templeton and market regulator Sebi. The US parent of Franklin Templeton and government of India have also been added as a party to the matter.
by The Economic Times Jun 10, 2020
Poor performance, rumours hit balanced advantage funds
Balanced Advantage Funds have seen an outflow of Rs 401.45 crore in May. Some financial planners say investors may be pulling out money because they have been disappointed by the performance of these schemes lately.
by The Economic Times Jun 10, 2020
Debt funds of Ulips are also vulnerable to bond defaults
These products are subject to lower scrutiny because of their nature and the regulations covering them
by Mint Jun 10, 2020
Life insurers record negative business growth yet again in May
Insurance industry saw a 25.3 percent year on year contraction in new business premium. However, leading companies, most notably Life Insurance Corp of India (LIC) saw some aspects of their business bounce back in the month as these companies shored up their digital distribution and outreach channels.
by The Economic Times Jun 10, 2020
