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SEBIadvises Franklin

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May 8, 2020, 2:01 p.m.

Capital market Regulator The Securities and Exchange Board of India (Sebi) has “advised” Franklin Templeton Mutual Fund to focus on returning the money that has been stuck following the winding up of the six debt schemes to its investors. The regulator, in a late release on Thursday, defended its October circular that required liquid schemes to cap their holdings of unlisted non-convertible debentures (NCDs) at 10% of the corpus. Courtesy: Economic Times/Hindustan Times