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• 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.
The cost of 2 pencils and 3 pens is RS. 55 and the cost of 7 pencils and 2 pens is RS. 65. What is the total price (in RS) of 2 pens and one pencil?
Two pipes A and B fill a square tank in 28 and 36 hours respectively while a third pipe C can empty it in 63 hours If all three pipes are opened togethe...
At a farm, the number of heads and legs of chickens and cows was counted, and it was found that there were 40 heads and 120 legs. Find the number of chi...
The cost of 3 apples and 2 bananas is Rs.46, and the cost of 5 apples and 4 bananas is Rs.82. What is the total price (in Rs) of 2 apples and 3 bananas?
Unit digit of a three digit number is 2 more than its tenth digit. If 311 is subtracted from number, then, the number obtained is 13. Find sum of digits...
A cistern is normally filled in 18 hours, but it takes 12 hours longer to fill because of a leak at its bottom. If the cistern is full, how long will it...
A is twice as good a workman as B and together they finish a piece of work in 14 days. The number of days taken by A alone to finish the work is
If the cost of 4 pens and 6 notebooks is ₹ 600, then find the cost of 6 pens and 9 notebooks.
A certain no. of candidates who appeared for a Bank exam and 5/12 of the candidates were rejected in pre exam, 60% of the rest candidates were rejected ...
A worker is paid Rs. 600 for 50 hours per week. Up to 60 hours, he is paid at the normal rate and for over time, twice the normal. How many hours does h...