FranklinTempleton has done Trail Recovery Proceedings since 2012No. of comments:3 Subramanium Iyer, Chennai, 67453 On 19-Jun-2016

Franklin Templeton has made the Mutual Fund Advisors pay up for their US Elections kitty due in November 2016 by this letter Every IFA need chek with your Commission statement for May 2016 Due to a technical issue, this additional 0.25% Family solution trail was inadvertently paid for SIP registrations Post September 2012 i.e, From October 2012 to till March 2016.. The excess commission paid due to the above mentioned issue has been adjusted against the May’16 commission paid in June 2016. Transaction level details of recovery have been included along with the commission statement with ‘FS additional Trail Recovery’. The additional trail of 0.25% was to be paid for all FS SIP installments registered during the above said period. We regret for the inconvenience caused to you in this regard.

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Comments Posted
poornima ARN NO :109529 mangalore, 30 Jul 2016

Franklin Templeton registrar seems to be working like headless chickens with the operation head now moving to head AMC ,head of operations looking at ever other country other than India and head of india operations was made like a pilot in a captains cap ( customer service head was made operation head who had no clue of whats happening in operations ) and now a new soul from a different industry just learning to crawl . every second day there is an issue with every second investor account. the website has design defects . offline facilities like registration of daily STP facility ,cancellation of daily STP facility etc are not available in online portal. even if investor bank accounts are debited and credited to Franklin agents account ,Franklin does not alloted units to investors for above 2 lac as their agent has not given them the money to utilize . Is the investor at fault for the act of their agents . god save and wish me luck for my civil suit which i wish to file soon... its also amazing to see the sebi dashboard which says the complaint numbers have dropped ! have they really dropped or are AMC''s putting those voices under the carpet by beautifully painting it under the fancy name called queries and request commission structures ,payments ,worksheets requires a PHD staff to do reconciliation. given all these error should an AMC be allowed to charge administrative charges from investors when the administration itself is not in order and up to expectation of investors and advisors ,

Rahul ARN NO :AMFFA ASSO. OF IFA KANPUR, 08 Jul 2016

This is not O.K. I have queries with AMC that I) Why this happened and who is responsible for this act ? II) Is there any notice of recovery given to the distributors ? III) Why full trail recovered at once, why not in installments ? IV) Is AMFI & SEBI aware ?

nirav ARN NO :52523 Ahmednagar, 21 Jun 2016

What is FS SIP installment ??? Does this mean their is no such additional trail of 0.25% which was to be paid ??

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