News From Press HNIs, brokers brace for tax impact as Franklin debt fund fiasco unfurls

HNIs, brokers brace for tax impact as Franklin debt fund fiasco unfurls

The brokers will have to value the MFs as stock in trade and take an asset write-off.

Economic Times Apr 29, 2020

Mumbai: Even as the Franklin Templeton investors wait till the fund house liquidates its maturities and coupons for six of its credit funds, several high networth individuals (HNIs), brokers and financial companies that dabble in stocks could have a tax impact in the next few months.

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