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    Question

    ASK Capital has received approval from the Central Bank

    of which country to launch an India-based fund — ASK Indian Entrepreneur Fund — through the UCITS route?
    A Central Bank of Japan Correct Answer Incorrect Answer
    B Central Bank of China Correct Answer Incorrect Answer
    C Central Bank of Denmark Correct Answer Incorrect Answer
    D Central Bank of Ireland Correct Answer Incorrect Answer
    E Central Bank of Russia Correct Answer Incorrect Answer

    Solution

    ASK Capital has received approval from the Central Bank of Ireland to launch an India-based fund — ASK Indian Entrepreneur Fund — through the UCITS route. ASK is the fourth asset or wealth management firm in India to receive approval for a UCITS (Undertakings for Collective Investment in Transferable Securities) fund. Kotak AMC, Whiteoak Capital, and UTI AMC already have such funds.

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