Live Breaking News & Updates on குப்தா சட்டம் கூட்டாளிகள்
Stay updated with breaking news from குப்தா சட்டம் கூட்டாளிகள். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Franklin Templeton MF: SC Reserves Order after Completing 1st Phase; Next Hearing in July moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
SC asks Franklin Templeton to return money to unitholders from cash-positive schemes Cash to be returned in 20 days. SBI Mutual Fund will distribute the money, instead of Franklin Templeton February 02, 2021 / 05:41 PM IST Unitholders of the six wound-up schemes of Franklin Templeton Mutual Fund (FT MF) will get a part of their money back soon. The Supreme Court (SC) on Wednesday directed cash-positive schemes to distribute the funds to unitholders. The funds should preferably be transferred to unitholders accounts in 20 days, as per sources. The final order of the SC is not yet made available. The court said SBI Mutual Fund (SBI MF) can oversee the distribution of these funds, and not FT MF. Unitholders will receive the funds in proportion to the units held by them. ....
Franklin Templeton unitholders vote: What should investors do? Investors in Franklin Templeton’s schemes will vote on whether or not to wind-up schemes December 24, 2020 / 08:59 AM IST Eight months after Franklin Templeton mutual fund’s (FT MF) closed six of its debt schemes, and after the subsequent court battles, its unitholders will now vote and decide if these schemes should be wound-up or not. While the legal question on whether approval from unitholders is mandatory for winding-up a scheme is being examined by the Supreme Court (SC), the fund house will seek consent from unitholders as per the directions of the Karnataka High Court. ....