Kotak Mahindra to Assist 6 Schemes of Franklin Templeton Asset Management

Published on May 22, 2020
Current Context: Franklin Templeton Trustee Services Pvt. Ltd. has appointed an independent advisor Kotak Mahindra Bank to work together with Franklin Templeton Asset Management
Kotak Mahindra to Assist 6 Schemes of Franklin Templeton Asset Management
(India) Pvt. Ltd (the AMC), to assist the Trustees in monetizing portfolios of the 6 schemes that are being wound up & make payouts to the affected investors.
  • The schemes are Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund and Franklin India Income Opportunities Fund of Franklin Templeton Mutual Fund.
  • This decision of Kotak Mahindra to assist 6 schemes of Franklin Templeton Asset Management was taken by SEBI (Securities Exchange Board of India).
  • Static Part: 
    • HQ of Franklin Templeton: San Mateo, California, United States
    • HQ of Kotak Mahindra Bank: Mumbai
    • Tagline of Kotak Mahindra Bank: Lets make money simple

Question: 

Q.1 SEBI has appointed which bank to assist 6 schemes of Franklin Templeton Asset Management?
a. ICICI Bank
b. Axis Bank
c. Yes Bank
d. Kotak Mahindra Bank

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