New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    A Family Investment Fund in IFSC should have and

    maintain a minimum corpus of USD …………….. within a period of ……………… years from the date of obtaining certificate of registration as per the regulations for Fund Management Entities
    A 15 million, 3 years Correct Answer Incorrect Answer
    B 10 million , 3 years Correct Answer Incorrect Answer
    C 10 million, 2 years Correct Answer Incorrect Answer
    D 15 million, 2 years Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    ·      Family Investment Fund could be set up in the IFSC as a Company, Trust (Contributory Trust only) or Limited Liability Partnership or any other form as may be permitted by the Authority from time to time. ·      A Family Investment Fund in IFSC should have and maintain a minimum corpus of USD 10 million within a period of three (3) years from the date of obtaining certificate of registration.

    Practice Next