Updated Feb 02, 2021 | 16:16 IST
SEBI has proposed proportionate distribution of Rs 9,000 cr with unitholders respective interests. The regulator told Supreme Court that mutual funds don t make any distinction between large, small investors Franklin Templeton Case: SEBI proposes distribution of Rs 9,000 crore
New Delhi: The Supreme Court on Tuesday asked market regulator SEBI to reply on modalities of distribution of funds in Franklin Templeton. The regulator has been asked to state if the company s funds are to be distributed in one go/in a staggered way and to clarify if larger holdings can be given later & what timeline to follow.
SEBI has proposed proportionate distribution of Rs 9,000 crore with unitholders respective interests. The regulator told Supreme Court that mutual funds don t make any distinction between large, small investors. SEBI did not put any timeline for fund distribution. However, it indicated that it will 12 to 18 months. The
Majority unitholders of Franklin Templeton Mutual Fund (FTMF) have voted in favour of winding-up of the six debt schemes, according to a report submitted by the observer appointed to oversee the e-voting process say reports.