To soothe investors' nerves, Franklin Templeton India clarified that the ban by Securities and Exchange of Board of India (SEBI) prohibiting it from launching new debt funds would have no impact on existing funds that have $8 billion in assets under management. Earlier this week on Monday, the SEBI had banned Franklin Templeton India from launching any new debt schemes for two years on account of "serious lapses and violations" in its operations while looking into sudden closure of its six credit funds in April last year.
Can the defence sector continue firing after 100% gains?
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