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?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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