The fund house is already in the process of distributing cash worth Rs 9,122 crore in the week beginning Feb 15, as directed by the Supreme Court earlier. After this distribution, the six schemes will have securities worth Rs 17,000 crore. SBI MF will need to liquidate these and distribute the proceeds. The Supreme Court said the sale should be undertaken with caution as an attempt to offload the securities in haste can cause a loss.
from Personal Finance News-Wealth-Economic Times https://ift.tt/2LMO7iZ
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