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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.
Consider the following statements regarding ‘Social Cost of Carbon (SCC)’?
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Which company recently received SEBI approval to operate as a research analyst?
What is India’s rank in Global Hunger Index (GHI) 2021 which is released by Concern Worldwide and German organisation Welt Hunger Hilfe?
Recently Reserve Bank of India (RBI) has lifted its three-year ban from which Mercantile Bank on opening new branches with effect from October 21, 2022.
SEBI has reconstituted its alternative investment policy advisory committee, which advises the capital markets regulator on a range of issues that impac...
What unique tribute was Shah Rukh Khan honored with by the Grevin Museum in Paris?
Recently, which state government has announced that state ministers will be responsible for paying their own Income Tax?
Which country has become the first country in the world to ban thin plastic bags?