📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Under the IFSCA (Fund Management) Regulations, 2022,

      which of the following is correct regarding the minimum corpus requirement for a non-retail scheme (such as a venture capital or restricted scheme) after the December 2024 review?
      A The minimum corpus per scheme remains at USD 5 million and open-ended schemes must start only on full corpus achievement. Correct Answer Incorrect Answer
      B The minimum corpus per scheme has been reduced to USD 3 million, and open-ended schemes may commence with USD 1 million and achieve USD 3 million within 12 months. Correct Answer Incorrect Answer
      C The minimum corpus per scheme has been reduced to USD 1 million for all non-retail schemes irrespective of type. Correct Answer Incorrect Answer
      D The minimum corpus per scheme has been increased to USD 10 million owing to larger scale of operations. Correct Answer Incorrect Answer
      E The minimum corpus requirement has been abolished entirely for non-retail schemes to boost flexibility. Correct Answer Incorrect Answer

      Solution

      The IFSCA’s review of the regulations in December 2024 reduced the minimum corpus requirement for non-retail schemes (venture capital and restricted schemes) from USD 5 million to USD 3 million.

      Practice Next
      More Financial Management Questions
      ask-question