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According to SEBI guidelines, any security which has a rating below BBB- is considered to be below investment grade. Haircut is mutual funds writing off the principal amount and the interest in case of a default. Association of Mutual Funds in India (AMFI) has recently issued guidelines on how fund managers should write down debt and handle below investment grade paper. An asset management company (AMC) is a firm that invests pooled funds from clients, putting the capital to work through different investments including stocks, bonds, real estate, master limited partnerships, and more. AMC managers are compensated via fees, usually a percentage of a client's assets under management. Life Insurance Corporation of India with assets of Rs 42 trillion, said it realised gains of Rs 42,000 crore from its investment in the equity markets in financial year 2021-22, an increase of 16.6 % from Rs 36,000 crore in FY21. LIC invests approximately 25 per cent of its assets under management (AUM) in the equity market. Out of the total AUM of Rs 42 trillion, 25% is in the equity market. LIC’s yield on investments dropped to 8.55% in FY22 compared with 8.69% in FY21.
What type of investment are Treasury Bills (T-bills)?
Match the following Important Books on Economics with their respective Authors.
Books on Economics Author
(i) The Wealth of NationsA. Ir...
When was the Bombay Stock Exchange established?
What term describes the consumption of fixed capital in an economy?
What does the term ‘Barter System’ refer to?
Which of the following statements is true?
I. The capital market is a market for securities (debt or equity), where companies and Government ca...
Which of the following is true regarding GDP?
i. In calculating GDP only final marketable goods and services are considered
ii. GDP c...
Which one of the following is not one of the main objectives of the (Special Economic Zones Act) SEZ Act 2005?
National Income was first estimated by
In India, who sets the Marginal Standing Facility (MSF) rate?