INVESTOR ISSUES


Moneylife Digital Team 17 December 2020
The past couple of decades have seen the Indian mutual funds (MF) industry gain currency and create an edge for itself in the personal finance space, and raise the share of Indian households in the overall savings pie. As per a research note, retail investors prefer to invest through...

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Moneylife Digital Team 10 December 2020
Allaying the panic of investors, Nitin Ambure, vice president, operations at Central Depository Services Ltd (CDSL) explained to investors of Karvy and Anugrah brokerage firms that the depository would be able to provide the trade data and transfers that are required even if the firms were no...

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Franklin Templeton Mutual Fund (FTMF), which sent shock waves in April 2020 by suspending six debt schemes, has written to three lakh unit-holders who invested Rs26,000 crore in these schemes for consent to their winding up. This permission itself is the result hard-fought litigation and an...

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Moneylife Digital Team 09 December 2020
When the National Stock Exchange (NSE) expelled two brokerage back-to-back—Karvy Stock Brokers Ltd and Anugrah Stock & Broking Ltd—it led to enormous panic among investors.   Their initial complaints were now invalid and new forms had to be filled up to make them eligible for...

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Moneylife Digital Team 09 December 2020
The Supreme Court of India (SC) on Wednesday instructed the Securities and Exchange Board of India (SEBI) to submit the final copy of forensic audit report of Franklin Templeton Mutual Fund (FTMF) in a sealed envelop and also appoint an observer to oversee e-voting of the six closed debt...

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Moneylife Digital Team 09 December 2020
Raising important questions on the proposal of Franklin Templeton Trustee Services Pvt Ltd (Trustee) seeking unit-holders’ consent to wind up six debt schemes of Franklin Templeton Mutual Fund (FTMF), the Midas Touch Investors Association (MTIA) has asked market regulator for an immediate...

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Moneylife Digital Team 08 December 2020
Investors of Modex International Securities Ltd, a Delhi-based listed brokerage firm, which has been declared a defaulter and expelled from the bourses, have come together to file an FIR (first information report) with the EOW (economic offences wing) of the Delhi police.   Modex...

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Moneylife Digital Team 08 December 2020
The Chennai Financial Markets and Accountability (CFMA), an investor group, has asked investors of Franklin Templeton Mutual Fund (FTMF) to vote against the proposal by Franklin Templeton Trustee Services Pvt Ltd (Trustee) to wind up six debt schemes.    In its bulletin, CFMA says,...

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Moneylife Digital Team 07 December 2020
Franklin Templeton Asset Management (India) Pvt Ltd (FTAMPL) has warned of potential losses if its investors vote against its plan to wind up six debt fund schemes it froze during April this year.   In a communication, FTAMPL says, "Franklin Templeton Trustee Services Pvt Ltd...

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Moneylife Digital Team 07 December 2020
At 18 broker defaults on the National Stock Exchange (NSE) and 16 on the Bombay Stock Exchange (BSE), the year 2020 has seen the highest number of broker defaults in the past 20 years. In fact, since the dotcom bubble burst and the Ketan Parekh scam of 2001-2002, this is the highest number of...

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The COVID pandemic has disrupted our lives and focused attention so exclusively on our livelihood and health issues that we tend to ignore the decimation of savings and wealth, which has happened, as mere statistics. Every day, people are waking up to the fact that the post-tax savings that...

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Moneylife Digital Team 03 December 2020
The Supreme Court (SC) on Thursday granted a stay on redemption request from investors of Franklin Templeton Mutual Fund (FTML), while directing Franklin Templeton Trustee Services Pvt Ltd to call a meeting of unit-holders to seek their consent withing a week. During the hearing, the bench...

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IANS 02 December 2020
Sahara has moved the Supreme Court and claimed that SEBI seeking a Rs62,000 crore deposit from it is a clear case of contempt of court and to cause public outrage against Sahara.   Sahara India Pariwar, filed a contempt petition in the Hon'ble Supreme Court against SEBI and prayed to...

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Moneylife Digital Team 27 November 2020
With the Reserve Bank of India (RBI) asking the administrator of Lakshmi Vilas Bank Ltd (LVB) to write down Tier-2 bonds worth Rs318.20 crore, several investors who bought these bonds are staring at huge loss. Earlier, the RBI has written off entire equity capital of LVB following the...

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Moneylife Digital Team 27 November 2020
The National Stock Exchange (NSE) has expelled crisis-hit Anugrah Stock & Broking Pvt Ltd (KSBL) from its membership, while declaring the brokerage as defaulter. NSE’s earlier investigation found that Anugrah was running an unauthorised derivatives advisory service (DAS) through an associate...

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Karvy Stock Broking Ltd (KSBL) was expelled by the National Stock Exchange (NSE) on 22nd November—a whole year after the market regulator, Securities and Exchange Board of India (SEBI) had suspended its operations and barred it from taking on new clients. KSBL had illegally transferred and...

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Moneylife Digital Team 24 November 2020
The National Stock Exchange (NSE) has expelled Karvy Stock Broking Ltd (KSBL) from its membership, while declaring the brokerage as defaulter.   In a circular, NSE says, "...the member has been expelled from the membership of the Exchange under Rules 1 and 2 of the NSEIL Rules and has...

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Moneylife Digital Team 23 November 2020
Some investors of Franklin Templeton Mutual Fund (FTML) have sent a legal notice to market regulator Securities and Exchange Board of India (SEBI) seeking vigilance enquiry and action against officials who allowed the mutual fund to increase borrowing limits from 20% to 30% for two schemes,...

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Moneylife Digital Team 18 November 2020
On Wednesday, the National Stock Exchange (NSE) admitted that the Securities and Exchange Board of India (SEBI) has directed the Exchange to conduct a review and to ascertain the adequacy of its investor protection fund (IPF), disclose the corpus on its website and update it on a monthly...

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Moneylife Digital Team 17 November 2020
The National Stock Exchange (NSE) has settled claims worth Rs2,300 crore of as many as 2.35 lakh investors of Karvy Stock Broking Ltd. NSE says claims of investors with a fund balance of up to Rs30,000 have been settled.   We learn that this is just one stage of the action against...

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