FINMIN ASKS SEBI TO EXAMINE AMC STRESS
The Morning Standard|April 25, 2020
FINMIN ASKS SEBI TO EXAMINE AMC STRESS
Six Franklin Templeton debt funds were wound up on Friday

THE Finance Ministry has asked market regulator Securities and Exchange Board of India (Sebi) to look into the issue of stress in Asset Management Companies (AMC) after Franklin Templeton Mutual Fund decided to wind up its six debt schemes. The AMC had cited redemption pressure and lack of liquidity in bond markets due to the Covid-19 pandemic for the closure.

articleRead

You can read up to 3 premium stories before you subscribe to Magzter GOLD

Log in, if you are already a subscriber

GoldLogo

Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines

READ THE ENTIRE ISSUE

April 25, 2020