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The Securities and Exchange Board of India (SEBI) has opened the doors for asset management companies (AMCs) to become 'self-sponsored', while adding to the responsibilities of their trustees. The regulator also released the framework for the 'Unit Holder Protection Committee'(UHPC). Any AMC willing to become self-sponsored should have had at least five years of experience in the financial services industry with strong financials — positive net worth and minimum Rs 10 crore net profit in all of the previous five years. Moreover, the sponsor planning to move out should have been a sponsor for at least 5 years. The dis-associating sponsor will have to mandatorily bring down the shareholding to below 10 percent within five years in the case of listed AMCs and three years in the case of unlisted ones. At present, any entity that owns 40 per cent or more stake in a mutual fund is considered a sponsor. The regulation will come into force from August 1, 2023.
The ratio of time taken by P, Q and R to complete work alone is 4:6:3 respectively. If all three together complete the work in 6 days, then find in how ...
(11.99 × 19.98 + 14.99 × 30.01) ÷ 3= ?
A rectangular garden has a width of 18 meters and a perimeter of 96 meters. If the garden is to be fenced at a cost of Rs. 12 per...
Determine the mean of the following observations:
24, 26, 22, 25, 20, 21, 24, 25
A certain number of men can complete a work in 50 days. If 10 more men are added, the work can be completed in 40 days. Find the original number of men.
Find the distance between the points (2, 5) and (7, 1).
Quantity I: The time taken by a bike to cross a tunnel and a bridge is 36 seconds and 30 seconds, respectively. If the length of the tunnel exceeds the ...
Amit has two routes, ‘X’ and ‘Y’, to travel from his home to his gym. The length of route ‘X’ exceeds the length of r...
A milkman initially prepared a mixture of milk and water in the ratio of 11:3. Later, he replaced half of the mixture with 30 liters of water, resulting...
In a school, Boys are 60% of total students. 50% Boys students failed. Total 55% of students in school fail. employees in the company are working for mo...