News From Press With courts stepping in, Franklin debt fund crisis has just become much more complicated

With courts stepping in, Franklin debt fund crisis has just become much more complicated

On the 9th of June, investors were to participate in an e-voting process to authorise the entire process, which SEBI had approved. However, before that stage, four court cases have interrupted the process.

Value Research Jun 19, 2020

The liquidity crisis in India's debt funds has taken a somewhat complicated turn because a number of investors have turned to courts of law. While it's the right of any Indian to turn to the law if he or she wants to (as the crores of cases in India's courts show), investors may not be acting in their own best interests in doing so in this case.

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1 Comment

Prashant · 3 years ago `

This person who is writing is absolving the AMC and the regulator and blaming the distributor. This person has been against the distributor community completely from a long time. Are distributors illegal? Who charges the distributors a bomb to certify and renew the ARNs and why? Why are the distributors still bringing in the business even though the income is reducing day by day because of the malafide intentions and greed of AMCs and the regulator? By your logic people who make poison is fine but if someone sells it orif someone buys it then they are responsible. The person making the poison is innocent. Secondly if investors understood the quality of bonds and how to trade them why would they give their money to anyone to manage and not manage on their own? Please answer this.

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