Franklin Templeton Update
Supreme Court today said "Distribute to investors entire cash of 684 cr in wound up schemes of Franklin Templeton". Expect payout in next few days
Dismisses request that Distributor Commission shud not be paid to investors 👍
@hemdeep_s @SumairaAbidi
@AKodiyal@hemdeep_s @SumairaAbidi Ultra Short/Low Duration/Income Opps/Dynamic Accruals fully liquidated so entire payout will be done
For others ie Short Term and Credit Risk Fund, balance will be paid on liquidation
This excludes any recovery from Segregated paper or other written down papers like Future etc
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@SonuSood sir need ur urgent help financial help to get treatment trial of my daughter, she is the only child diagnosed frm India for a rarest diseace TK2 @BeingSalmanKhan need help
@ashokghose@PMOIndia " SEBI failed to respond to FTMF’s e-mail of 14 April 2020 or reply to the letter dated 20 April 2020 addressed by the trustees, seeking permission and guidance to wind up the schemes.", if this is the case, one can imagine the state of the emails we send them.
Look at the whipping #sebi has given by #karnataka High Court in #franklintempleton scam case. Sebi has forgotten it's original purpose to protect the investors. After getting this stricture the Chairman of Sebi should put in his Resignation. @PMOIndiamoneylife.in/article/frankl…
@nbjadav@OUTLOOKASIA Not proud, am scared. The threats by these anonymous handles have been increasing.
They know my address, they tell me they will besmirch my family and everything
I have always asked, tell me one data point that is wrong. To that they say, don't try to mess with us
@AshokKhemka_IAS There r scams galore Ashokji. The latest is an US Based AMC #franklintempleton
which has scammed 320 K investors of ₹28000 crores by winding up 6 MF debt schemes abruptly in April 20. Investors knocking on #Sebi doors not listening & openly supporting rogue AMC in various forums
@M_Raj03@MFSahiHai@Jaspritbumrah93 Do you know 300,000+ investors hard earned money is blocked since last 6 months in #franklintempleton#mutualfund. Till money is returned to these investors #mutualfundsSahiNahiHai. Request be careful while promoting any product which may impact investors wealth.
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4.9M Followers 268 Following2 term Member of Parliament, Chairman of UB Group,Sports enthusiast, Veteran F 1 Team Principal, Championing Youth. Targeted victim of the Indian Government.