INVESTOR ISSUES


Moneylife Digital Team 31 December 2020
“The pool account of Karvy Stock Broking Ltd (Karvy) is nothing but a common account. If an investor has shares, which were purchased from Karvy as a broker, he would also have their contract notes. So, now instead of chasing and discussing Karvy’s pool account, the investor should work...

Read More



Ok, you believe the Indian cricketers (except Virat Kohli – TV ad fee too high!) who tell you 'Mutual Fund sahi hai', and decide to put money into mutual funds (MFs) schemes. How do you go about it?   The first option is—do it yourself. Decide how much risk you want to take and choose...

Read More



Almost everybody is waiting to see the end of 2020, the year when a virus brought our lives to a grinding halt. People lost lives, livelihoods and struggled to cope with unforeseen challenges. While the economy slowed down drastically, the Indian stock market seemed to cock a snook at the...

Read More



Moneylife Digital Team 28 December 2020
The e-voting of unit-holders of six debt schemes of Franklin Templeton Mutual Fund (FTMF), which started on 26th December and would conclude on 29 December 2020, appears to be turned into a farce by FTMF, especially when the market regulator has been playing the role of a mute spectator. The...

Read More



IANS 21 December 2020
The Securities and Appellate Tribunal (SAT) on Monday issued a notice to the Securities and Exchange Board of India (SEBI) in an appeal filed by 63 moons technologies limited against the former's order in the STP Gate matter.   The SAT has kept the matter for final hearing and...

Read More



On 14th December, a hitherto unknown website, called scamsbreaking .com, stirred up a social media storm with stunning allegations about the Kolkata-headquartered SREI group that has a large footprint in infrastructure and finance. The allegation that made people sit up was that Axis Bank...

Read More



Moneylife Digital Team 17 December 2020
The National Stock Exchange (NSE), on Tuesday while declaring as defaulter, expelled Sumpoorna Portfolio Ltd from its membership from 14 December 2020. NSE has also asked investor-clients of Sumpoorna Portfolio to submit their claims of outstanding from the Investor Protection Fund...

Read More



Moneylife Digital Team 17 December 2020
The past couple of decades have seen the Indian mutual funds (MF) industry gain currency and create an edge for itself in the personal finance space, and raise the share of Indian households in the overall savings pie. As per a research note, retail investors prefer to invest through...

Read More



Moneylife Digital Team 10 December 2020
Allaying the panic of investors, Nitin Ambure, vice president, operations at Central Depository Services Ltd (CDSL) explained to investors of Karvy and Anugrah brokerage firms that the depository would be able to provide the trade data and transfers that are required even if the firms were no...

Read More



Franklin Templeton Mutual Fund (FTMF), which sent shock waves in April 2020 by suspending six debt schemes, has written to three lakh unit-holders who invested Rs26,000 crore in these schemes for consent to their winding up. This permission itself is the result hard-fought litigation and an...

Read More



Moneylife Digital Team 09 December 2020
When the National Stock Exchange (NSE) expelled two brokerage back-to-back—Karvy Stock Brokers Ltd and Anugrah Stock & Broking Ltd—it led to enormous panic among investors.   Their initial complaints were now invalid and new forms had to be filled up to make them eligible for...

Read More



Moneylife Digital Team 09 December 2020
The Supreme Court of India (SC) on Wednesday instructed the Securities and Exchange Board of India (SEBI) to submit the final copy of forensic audit report of Franklin Templeton Mutual Fund (FTMF) in a sealed envelop and also appoint an observer to oversee e-voting of the six closed debt...

Read More



Moneylife Digital Team 09 December 2020
Raising important questions on the proposal of Franklin Templeton Trustee Services Pvt Ltd (Trustee) seeking unit-holders’ consent to wind up six debt schemes of Franklin Templeton Mutual Fund (FTMF), the Midas Touch Investors Association (MTIA) has asked market regulator for an immediate...

Read More



Moneylife Digital Team 08 December 2020
Investors of Modex International Securities Ltd, a Delhi-based listed brokerage firm, which has been declared a defaulter and expelled from the bourses, have come together to file an FIR (first information report) with the EOW (economic offences wing) of the Delhi police.   Modex...

Read More



Moneylife Digital Team 08 December 2020
The Chennai Financial Markets and Accountability (CFMA), an investor group, has asked investors of Franklin Templeton Mutual Fund (FTMF) to vote against the proposal by Franklin Templeton Trustee Services Pvt Ltd (Trustee) to wind up six debt schemes.    In its bulletin, CFMA says,...

Read More



Moneylife Digital Team 07 December 2020
Franklin Templeton Asset Management (India) Pvt Ltd (FTAMPL) has warned of potential losses if its investors vote against its plan to wind up six debt fund schemes it froze during April this year.   In a communication, FTAMPL says, "Franklin Templeton Trustee Services Pvt Ltd...

Read More



Moneylife Digital Team 07 December 2020
At 18 broker defaults on the National Stock Exchange (NSE) and 16 on the Bombay Stock Exchange (BSE), the year 2020 has seen the highest number of broker defaults in the past 20 years. In fact, since the dotcom bubble burst and the Ketan Parekh scam of 2001-2002, this is the highest number of...

Read More



The COVID pandemic has disrupted our lives and focused attention so exclusively on our livelihood and health issues that we tend to ignore the decimation of savings and wealth, which has happened, as mere statistics. Every day, people are waking up to the fact that the post-tax savings that...

Read More



Moneylife Digital Team 03 December 2020
The Supreme Court (SC) on Thursday granted a stay on redemption request from investors of Franklin Templeton Mutual Fund (FTML), while directing Franklin Templeton Trustee Services Pvt Ltd to call a meeting of unit-holders to seek their consent withing a week. During the hearing, the bench...

Read More



IANS 02 December 2020
Sahara has moved the Supreme Court and claimed that SEBI seeking a Rs62,000 crore deposit from it is a clear case of contempt of court and to cause public outrage against Sahara.   Sahara India Pariwar, filed a contempt petition in the Hon'ble Supreme Court against SEBI and prayed to...

Read More

Free Helpline
Legal Credit
Feedback