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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Faced with regulatory action, the fund house’s latest threat to quit India if penalized only adds to its long list of missteps
There’s no other way to say this. Franklin Templeton’s actions now smack of entitled behaviour and aren’t, in any way, beneficial to any of the parties involved in the sordid mess triggered by its shutting down six of its debt mutual fund schemes in India last April. Not the fund house. Not the Securities and Exchange Board of India. And certainly not the confidence of thousands of investors who have placed their trust in the company.
In a recent bizarre development, the US-headquartered asset management company used diplomatic channels to seek a “just and fair” hearing in the ongoing investigation …
Frequent portfolio reshuffles and primary market allocations have driven returns. The question is whether this approach can hold up over the long term.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
A dismal track record in portfolio management services doesn’t help the firm as it takes its first steps in a crowded industry dominated by some heavyweights.
