SC orders Rs 9,122 cr payment to investors in Franklin's six shut schemes

SBI MF entrusted with disbursing amount, money to be paid in 20 days and parties can move applications in case of difficulties arising out of the process

The Supreme Court on Tuesday directed Franklin Templeton Mutual Fund to disburse Rs 9,122 crore to the unitholders of its six shut debt schemes. SBI Mutual Fund has been entrusted the responsibility of disbursing the amount.

The money has to be distributed among unitholders in 20 days and the parties are at liberty to move applications in case of difficulties arising out of the process.

“We believe the distribution of monies will provide unitholders with much-needed liquidity and look forward to working with the regulator and SBI Mutual Fund to distribute the cash within the period stipulated by the Court,” said a