SEBI asked the fund house why action should not be taken against them for not carrying out their fiduciary duties towards investors and for lapses in the risk-management process

In April last year, Franklin Templeton had shut down its six debt mutual fund schemes citing redemption pressures and lack of liquidity in bond market in the wake of the COVID-19 pandemic.

Supreme Court on February 2 ordered that Rs 9,122 crore be disbursed within three weeks to the unit holders of Franklin Templeton's six mutual fund schemes which are proposed to be wound up

The solution is to deepen India's bond markets to free the NBFCs from excessive dependence on banks, and make the occasional failures (IL&FS, DHFL) less traumatic for the banking system

During the last fortnight from December 16-31, 2020, the six wound up schemes received cash inflows worth Rs 1,213 crore. This saw FISTIP become cash positive during the period

Taruvai Subayya Krishnamurthy has served as the 13th Chief Election Commissioner of India from February 2004 to May 2005. During his tenure, he oversaw 2004 Lok Sabha elections

The equity mutual fund segment saw a net outflow of Rs 13,140 crore compared to Rs 2,725 crore in October. However, overall assets under management (AUM) of the mutual fund industry hit a record high of Rs 30 lakh crore

During the September quarter, equity-oriented mutual funds witnessed an outflow of over Rs 7,200 crore and also there was a drop in inflow from the systematic investment plan (SIP) folios

Four cash positive wound up Franklin Templeton schemes - FIUBF,FIDA,FILDF and FICRF - have 40 per cent, 19 per cent, 19 per cent and 9 per cent of their AUM available as cash, respectively

The four shuttered debt schemes of Franklin Templeton Mutual Fund (FT MF) witnessed a default from Rivaaz Trade Ventures (RTVL), a Future group entity

During the quarter under review, Rs 1.1 lakh crore came from debt funds, Rs 20,930 crore from arbitrage funds and Rs 11,730 crore from equity-oriented schemes

As per the data, inflows into debt mutual funds were at Rs 1.1 lakh crore in the three months ended June, compared to outflows of Rs 1.13 lakh crore in the January-March quarter

Franklin Templeton shut six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market

There are six schemes, Franklin India Ultra Short Bond Fund, Franklin India Low Duration, Franklin India Short Term Income Plan, Franklin India Credit Risk Fund, Franklin India Dynamic Accrual Fund, and Franklin India Income Opportunities Fund,that had made investments in Vodafone Idea

After a decade's worst monthly decline in March, markets bounced back in April with a gain of 14.4 per cent but remained in a consolidation mode in May as the Sensex declined nearly 4 per cent

There are six schemes -- Franklin India Ultra Short Bond Fund, Franklin India Low Duration, Franklin India Short Term Income Plan, Franklin India Credit Risk Fund, Franklin India Dynamic Accrual Fund, and Franklin India Income Opportunities Fund -- which had made investments in Vodafone Idea

From the NBFC liquidity crisis in 2018 to collapse of six Franklin Templeton schemes, debt funds are no longer considered safe

No fresh investments in these schemes will be allowed by instalments falling due under SIPs, CSIP or STPs registered before May 22 will be processed as usual

After the Franklin Templeton mishap, you can no longer ignore the issue and take safety of debt funds for granted

The six schemes included Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund and Franklin India Income Opportunities Fund