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FTMF: SC upholds e-voting of unit holders, Rs 9,122Cr to be disbursed

The Supreme Court on Friday upheld the validity and results of e-voting of unit holders of six mutual schemes of Franklin Templeton and said Rs 9,122 crore will be disbursed as per its earlier order.On February 2, the Supreme Court had directed .

Franklin Templeton MF: SBI Funds Management Seeks Protection from Liability in Disbursement

The Supreme Court has clarified that SBI Fund Management, and not SBI Mutual Funds, will be responsible for distribution of Rs9,122 crore to unit-holders of the six wound-up Franklin Templeton schemes. The SBI Fund Management also sought protection from any liability arising from the fund distribution exercise.

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