InvestorQ : What is it about the latest penalties on Templeton MF?
Lavanya Subramanian made post

What is it about the latest penalties on Templeton MF?

Answer
image
Anamika Sodhani answered.
6 months ago
Follow

After the penalties on the AMC and CEO Vivek Kudva, SEBI has now imposed penalties on senior officials of Templeton MF for summary shuttering of 6 debt schemes. This was done in Apr-20 without adequate notice to unit holders. SEBI has imposed Rs.3 crore penalty on FT Trustees Services and Rs 2 crore each on Sanjay Sapre, the CEO, and Santosh Kamath, the CIO, in the midst of the controversy. SEBI has criticized the high yield strategies of the fund.

2 Views

image
Anamika Sodhani answered.
6 months ago
Follow

After the penalties on the AMC and CEO Vivek Kudva, SEBI has now imposed penalties on senior officials of Templeton MF for summary shuttering of 6 debt schemes. This was done in Apr-20 without adequate notice to unit holders. SEBI has imposed Rs.3 crore penalty on FT Trustees Services and Rs 2 crore each on Sanjay Sapre, the CEO, and Santosh Kamath, the CIO, in the midst of the controversy. SEBI has criticized the high yield strategies of the fund.

2 Views