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The Securities and Exchange Board of India (SEBI) has issued a detailed circular, which will put the onus on mutual fund (MF) trustees to protect unitholders’ interests. These include monitoring fees and expenses, prevention of mis-selling and front running and conflict of interest between various stakeholders. The market regulator has stated that asset management companies (AMCs) shall constitute a unit holder protection committee (UHPC) to oversee the protection of unit holders’ interests, adoption of sound and healthy market practices, and compliance with laws/regulations or other related processes. Further, the UHPC must keep unit holders well informed about and educate them on MF products, the investor charter, and complaint-handling procedures. It shall submit its observations, along with recommendations periodically to the board of the AMC.
What is the area of the Room?
Statement I: Total cost of flooring the tiles in room is Rs. 43500.
Statement II: Labour cost of flooring ...
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Statement I: He earned 25% more profit in December 2017 as compared to Octobe...
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In each of the following questions, a question is followed by information given in three statements. You have to study the question along with the stat...
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Statement I: 50% of the sum of the selling prices of the mobile and TV is Rs. 5400 more than ...
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Statement I: If the train increases its speed by 20%, then it reaches 40 m...
Read the following question and decide which of the statements is/are sufficient to answer the question.
Find the value of 'n'.
Statement...
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Statement I: Five men, three children and two women together can complete the task in 12 days. <...
What was the price of House P last year?
Statement I: The ratio of the price of two houses P to Q was 3:4 last year.
Statement II: T...
What is the present age of mother?
I. The difference between the ages of mother and daughter is 45 years.
II. The present age of daughter ...