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The Securities and Exchange Board of India’s (Sebi’s) order directing Franklin Templeton Mutual Fund to return over Rs 500 crore of fund management fees is likely to instill fear and ensure strict discipline in the Rs 32-trillion asset management industry, said market observers.
Industry players said most fund houses could soon take stock of their investment practices in light of the Sebi order, which gives key insight into the regulatory thought process. Since the 2018 IL&FS crisis and a spate of other high-profile corporate defaults, there has been significant …
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First Published: Wed, June 09 2021. 01:14 IST
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