Investors in five of the shuttered schemes of Franklin Templeton will start receiving their first tranche of cash from the week starting February 15, in line with the Supreme Court order of February 2. The apex court directed the fund house to distribute cash available as on January 15 and asked SBI MF to oversee the distribution of these funds. “Payment to all investors whose accounts are KYC compliant with all details available will be made during the week of February 15, 2021,” said Sanjay Sapre, President, Franklin Templeton in a communication with unitholders.
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