News From Press Reopening FT schemes will have a contagion risk: Sebi

Reopening FT schemes will have a contagion risk: Sebi

This will lead to 100% redemption requests from Franklin’s unitholders, it told HC

Mint Aug 3, 2020

Reopening for transactions the six debt schemes of Franklin Templeton that were wound down will have a contagion risk on the entire mutual fund industry, the Securities and Exchange Board of India (Sebi) said in its filing for the Franklin Templeton case in Karnataka high court. The court is hearing the four cases filed by investors who challenged the fund house’s decision to wind down the six debt schemes without the consent of unit holders.

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