New Delhi: Securities and Exchange Board of India (Sebi) on Saturday appointed Taruvai Subayya Krishnamurthy as ‘observer’ in e-voting of unit holders of six schemes of Franklin Templeton Mutual Fund. Krishnamurthy is a former Chief Election Commissioner of India and will be overseeing the e-voting process, scheduled between 26-29 December. The top court had on December 9 asked the Securities and Exchange Board of India (SEBI) to appoint an observer for overseeing the e-voting process. The six schemes are Franklin India Low Duration Fund, Franklin India Ultra Short Bond Fund, Franklin India Short Term Income Plan, Franklin India Credit Risk Fund, Franklin India Dynamic Accrual Fund and Franklin India Income Opportunities Fund. Franklin Templeton MF closed these six debt mutual fund schemes on April 23, citing redemption pressure and lack of liquidity in the bond market.

Source: Mint December 26, 2020 09:29 UTC