Necessary to appeal aspects of the order, says Franklin Templeton

The fund house will also endeavor to seek appropriate directions from the court regarding return of cash of over Rs 5200 crore currently accumulated in the four cash positive schemes, and with regard to any additional cash it receives while the matter remains under the consideration of the Karnatka High Court. Go to Source

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Cut-off time for equity mutual funds restored to 3pm

SEBI has decided to restore the cut-off timing for buying and selling of mutual fund units to 3 pm, effective Monday, October 19. Earlier in April, SEBI had temporarily changed the cut-off timings for buying and redeeming of mutual fund units in view of the disruptions caused by the pandemic. Go to Source

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