News From Press Third case filed against Franklin Templeton Mutual Fund for shutting schemes

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.

The Economic Times Jun 10, 2020

One more investor has moved Delhi High Court against Franklin Templeton Mutual Fund challenging the whole process of winding up of six debt schemes and seeking a refund of money. This is the third case to be filed against Franklin by investors in a court. The petitioner Amruta Garg has also challenged the consequent notice issued by the fund house for e-voting.

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