Who were the privileged unit holders who redeemed up to 8000 crores in March and April 2020

By Amirthalingam chandar, October 17 2020 05:05 PM
This is an important question. At the cost of middle class retail unitholders, the fund house according to media reports borrowed and redeemed nearly 8000 crores of units in the shuttered schemes in March and April 20. THIS IS A BIG SCAM. WHO WERE THE PRIVILEGED UNIT HOLDERS. The net result is that two of the six schemes are still cash negative. Have they robbed Peter and paid Paul? Have Choksi and co addressed this
Comments(5)
By JohnSumu, October 30 2020 11:40 AM
ALL HERE PLEASE READ THIS CAREFULLY - https://economictimes.indiatimes.com/mf/analysis/what-will-happen-now-ask-franklin-templeton-debt-mutual-fund-investors/articleshow/78887907.cms

By Sam, October 28 2020 09:08 PM
Why is SEBI still sooooo mum about their dealings on this case even after KHC rapped them pretty badly on their knuckles for being a side dumb spectator so far? Why is SEBI not influencing KHC judges on the importance to distribute cash positives to investors right now?? So many questions abound but no proper answers offered at all by any party until now!! CFMA Sirs please take up the baton in SC to strongly represent unitholders plight and push SC judges influence them to order payouts of cash positives to all unitholders at the earliest Sirs...

By Rajat Agrawal, October 28 2020 03:54 PM
Yes, why is SEBI not directing FTMF to disburse the cash positive from the 4 debt funds? Unless, FTMF AMC does that there is no point expecting justice from their so-called trustee company! What trust if you don’t repay our life-savings??

By Sam, October 26 2020 09:29 AM
PLEASE PUSH SC TO ALLOW DISBURSAL OF CASH POSITIVE FROM THE 4 DEBT FUNDS BACK TO INVESTORS SOON CFMA SIRS... RETIREE LIKE ME ARE DEPENDING ON OUR INVESTMENTS IN FT MFS TO LIVE AND ARE NOW IN DEEP DIFFICULTIES AND BORROWING FROM NEIGHBOURS FAMILY AND FRIENDS.. IT IS REALLY HOPELESS SITUATION FOR US AND IF FT AMC CAN GET PERMISSIONS FROM SC TO DISTRIBUTE CASH POSITIVES FROM USBF AND LD MFS THEN AT LEAST WE HAVE SOME HUGE RELIEF... OR ELSE, ONLY DISASTER AWAITS US SIRS..

By Amit suri, October 19 2020 11:52 AM
That's exactly what I also feel very strongly. There is a need for a very thorough and in depth investigation of this scam. More and more of our Unit Holders need to come out and prevail upon EOW Chennai to conduct its probe without fear or favour.