Volume 1 Issue 1

Volume 1 Issue 1

Pandemic Hit Mutual Funds Market - An Analysis of the Franklin Templeton Saga

By Anurag Shah and Vijay Tarshit,
Students , School of Law, Christ (Deemed to be University)

Abstract

Mutual funds industry which was already grappling with an economic slowdown and value deterioration of a number of industries and asset class, has been served with a yet another blow in the form of COVID-19 pandemic. The struggle for the mutual funds; which are considered “safe” against market fluctuations, is apparent from the news of Franklin Templeton India opting to wind up six of its debt schemes. The winding up led to a legal saga involving three major players – Franklin Templeton, investors and the Securities Exchange Board of India. Each of these players was on the upfront to ensure that their interests are protected in the scenario that was going on. The paper tries to chalk down what led to the present crisis in the mutual fund industry of India and the legal saga that followed. The paper also tries to proffer the most suitable way out of this crisis that would ensure proper justice to all the parties.

Recommended Citations :

OSCOLA

Anurag Shah, Vijay Nekkanti, ‘ Pandemic hit mutual funds market: An analysis of the Franklin Templeton Saga’, [2020] 1 IJBLS
 https://intbusinesslaw.com/pandemic-hit-mutual-funds-market-an-analysis-of-the-franklin-templeton-saga/

Bluebook 19th Ed.

Anurag Shah & Vijay Nekkanti, Pandemic hit mutual funds market: An analysis of the Franklin Templeton Saga, 1 IJBLS 39, 39 – 48 (2020).