Categories: Business

franklin templeton Mutual fund reaches out to investor on evoting

Photo: GOOGLE

Franklin Templeton MF

new Delhi. Franklin Templeton Mutual Fund has now taken the first step towards returning investors' money after closing six schemes. The company has started contacting investors about the voting process to get their consent. The company, however, said that if the voting results are negative, it may delay the process of selling properties and returning investors' money. The company has taken this step at a time when the market regulator Securities and Exchange Board of India (SEBI) has asked it to focus on returning investors' money as soon as possible.

Franklin Templeton India President Sanjay Sapre said in a letter to investors on Thursday, "Franklin Templeton is committed to ensuring the return of money to all investors in an orderly and equitable manner at the earliest." We are working hard to speed up the process of refunding your money, "he said." The proposed vote is an important step in that direction.

This post was published on May 16, 2020 12:54 am

Content Team

Recent Posts

Domestic fuel demand recover in June Up 11 percent over may

Photo: GOOGLE Fuel demand recover new Delhi. Fuel demand continues to improve after the lockdown imposed in the country due…

Higher off take by FCI due to covid 19 scheme can boost procurement agencies liquidity

Photo: GOOGLE FCI Procurement new Delhi. The operating cash flow (CFO) of the States procurement agencies (SPA) is expected to…

India now second biggest investor in UK

Photo: AP FILE India now second biggest investor in UK new Delhi. Among the countries investing in Britain, India has…