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Experts weigh in on surveillance measures post SEBI action on Franklin Templeton AMC

Market regulator SEBI has come down heavily on Franklin Templeton Asset Management Company (FT-AMC), by transferring the fund management and advisory fee of the last two years to aggrieved investors. A move, which is certain to provide some solace to unitholders of the six shuttered schemes.

By Latha Venkatesh | Sumaira Abidi Jun 8, 2021 1:15:37 PM IST (Published)

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Market regulator SEBI has come down heavily on Franklin Templeton Asset Management Company (FT-AMC), by transferring the fund management and advisory fee of the last two years to aggrieved investors. A move, which is certain to provide some solace to unitholders of the six shuttered schemes.

In an interview with CNBC-TV18, Ananth Narayan, Professor at SPJIMR, and Mahendra Jajoo, CIO-fixed income at Mirae Asset Investment Managers, discussed at length the move.

First up, Narayan said, “I am encouraged by the surveillance measures taken up by SEBI (with regard to the FT India case) and a lot of other steps that have been taken. Therefore, I am sure we will end up with an industry, which is in a stronger place than it was 18 months ago.”

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