News From Press SEBI backs Franklin on debt schemes winding up at SC

SEBI backs Franklin on debt schemes winding up at SC

‘Principle of proportionality’ should not be followed for MF, market regulator tells SC

Business Line Feb 1, 2021

Market regulator SEBI has backed Franklin Templeton Mutual Fund (FTMF)’s position on winding up the six debt schemes. In its latest affidavit filed with the Supreme Court, SEBI has affirmed that FTMF’s winding-up proposal was approved by an “overwhelming majority of over 96 per cent unit-holders” in the recent e-voting.

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