Franklin Templeton’s Funny Attitude

I have written to SEBI and Franklin Templeton to convert my SIP to ‘direct’ mode. But Franklin Templeton still charges 2.25% entry load. Their tactics are as follows. We were asked to submit fresh proofs and letters and even cancel the existing SIP even though other mutual funds were willing to convert on submitting a simple letter. Franklin Templeton’s official rudely indicated that while...

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  • UTI MF- Karvy Struggles to Redress

    I am a distributor of mutual funds in Nashik.UTI MF’s Index Select Fund announced a 110% dividend on 11 January 2008. I had personally submitted four applications of Rs one lakh for four clients. UTI took one month to clear the cheque and all four clients have still not received the dividend. For the past month and a half, I have been following up with UTI MF’s office at Nashik and Mumbai but...

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  • MoneyLIFE Seminar on Reverse Mortgage and Wills

    The discussion revealed that legislation on reverse mortgages and wills is either inadequate or riddled with complexity—clear evidence that the government and its regulators are out of sync with reality and people’s needs

    At a time when joint family structures are disintegrating and most people have created their own properties and nest-egg, two issues are uppermost in their mind.

    First,...

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