• SEBI announced the formation of two working groups to review the role and eligibility of a sponsor of a mutual fund. • The first group will look at an alternative set of eligibility requirements to enable new players, who otherwise may not have been eligible, to act as sponsors. • The other group will look at streamlining the role and obligations of trustees of mutual funds. • SEBI has formed a working group under the chairmanship of A Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC, and chairman of AMFI (Association of Mutual Funds in India). • The working group will also examine the need for sponsor to dilute its stake in asset management company (AMC) from the existing requirement of holding at least 40% of the net worth.
When is World Forest Day celebrated?
RBL Bank's focus in its credit card segment is on:
Which country did India vote in favor of for full UN membership?
Who has been appointed as the new Chairman of Khadi Village Industries Commission?
Which man has broken the national record in the triple jump of the National Inter State Athletics meet in Chennai ?
Which river is the only natural water source that drains into a lake in the desert?
Which of the following district of Uttar Pradesh is the smallest district in term of area?
Where did the 1st All India Annual States' Ministers Conference on "Water Vision@2047 held on 5 - 6 Jan, 2023?
______ bank launched the first of a kind sticker Debit Card recently?
What was the target capacity of rural roads to be constructed under Phase IV of the Pradhan Mantri Gram Sadak Yojana (PMGSY)?