Question
Which of the following Statements about the Asset
Management Company is/are True? I- AMCs are firms pooling funds from various individual and institutional investors and investing in various securities. II- Portfolio Construction is also the task of AMCs. III- AMCs must comply with the set of risk management guidelines by SEBI and AMFI.Solution
Asset management companies (AMCs) are firms pooling funds from various individual and institutional investors and investing in various securities. The company invests the funds in capital assets such as stocks, real estate, bonds, and so on. The asset management companies have professionals called fund managers who manage the investment and the research team selects the right securities. An AMC works under the supervision of the board of trustees. But, they are answerable to India’s capital market regulator, the Securities and Exchange Board of India (SEBI). The Association of Mutual Funds in India (AMFI) is another statutory body that addresses investors’ grievances and looks after their interests. Every mutual fund house must comply with the set of risk management guidelines by SEBI and AMFI.
According to the IRDA Act, 1999 intermediary or insurance intermediary includes__________________
According to Section 5of the IRDA Act, what is the tenure of office for the Chairperson and other whole-time members?
Consensus ad idem means
What is the effect of violation of the rule: “Audi Alteram Partem” on an administrative action?
Which of the following is not an exception to the general principle that ‘hearsay evidence is no evidence’ ?
What is the objective of Payment and Settlements Act?
A small company is a company whose paid-up capital and turn over shall________________
In tort law, what is the term for a wrongful act that leads to confinement or restraint of another person against their will?
How are the assets of any insurer in India be kept as per the Insurance Act, 1938?
After dissolution of the firm, goodwill of the firm __.
