News From Press Future firm default hits four of six Franklin schemes wound up in April

Future firm default hits four of six Franklin schemes wound up in April

Among the four, Income Opportunities Fund had highest exposure to Rivaaz Trade Ventures at 6.32 per cent of its AUM

BS Sep 2, 2020

Rivaaz Trade Ventures (RTV), a Future Group entity, has defaulted on its debt repayment obligation, impacting four schemes of Franklin Templeton Mutual Fund (Franklin MF).

Click here to read more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Where do HNIs in India prefer to invest these days?

Health insurance rules changed for senior citizens: Be ready for a 10-15% hike in health insurance premiums

MF Query: Why step up SIP? “The value of your Rs 1 cr portfolio will only be Rs 50 lakh in 10 years”

Why invest in silver through ETFs?

Why is health insurance crucial for working women? Here are 4 key reasons

Silver ETF gains greater traction as AUM tops Rs 5,000 crore in April

National Pension System: Top 5 changes in NPS rules you must know in 2024

Sebi asks AIFs to report PPM changes directly to streamline compliance cost

Amid Sebi's ban on overseas ETF inflows, the spread between market price & NAV widens

Choose Aadhaar-based KYC: Once done, you may invest across fund houses

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

Help me get clients of other distributors who are underserved

Lead to poaching of clients

No significant effect on my business

EVENTS FORUMS