InvestorQ : If I am an investor and am invested in one of the debt funds of Franklin Templeton, what can I do? Can I complain to SEBI about such an abrupt closure?
Juvina Maggie made post

If I am an investor and am invested in one of the debt funds of Franklin Templeton, what can I do? Can I complain to SEBI about such an abrupt closure?

Answer
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Angel dcosta answered.
5 months ago


As an investor, you really may not have much of a choice but to wait for the logical conclusion of the process. The fund will honour all requests it has received for redemption till 23 April. However, from 24 April all fresh purchases and redemptions are barred. ANMI and AMFI are taking up this issue with SEBI but clearly the fund is well within its rights to summarily wind up a fund if it is unviable. The key takeaway for SEBI may be to regulate credit risk funds more closely to avoid any mis-selling. For the retail investors, the message once again appears to be one of understanding risk. After all, there is nothing like a free lunch. In the last few years, debt funds have provide that time and again.