No adverse findings against firm, staff, says Franklin Templeton

Franklin Templeton Mutual Fund, which closed six schemes in April 2020, has said that so far there had been no adverse findings against the fund house or its employees or management. This comes following reports of markets regulator Securities and Exchange Board of India (SEBI) issuing show-cause notices to the fund house and its officials with regard to the fund house’s practices around risk management, inter-scheme transfers and personal transactions by employees and management, among others.