New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Zerodha Asset Management Company (AMC) has received

    final approval from the market regulator SEBI  to commence a mutual fund (MF) business.The new entrant to the Rs 46-trillion MF industry will only offer passive funds. Which mutual fund is the only passive-focused AMC at present?
    A Navi Mutual Fund Correct Answer Incorrect Answer
    B Bandhan Mutual Fund Correct Answer Incorrect Answer
    C Bank of India Mutual Fund Correct Answer Incorrect Answer
    D Tata Mutual Fund Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Helios Capital has received capital markets regulator SEBI’s approval to launch a mutual fund business.    Helios Capital Management PTE Ltd, which is the business of portfolio management services, applied for a mutual fund license with the Securities and Exchange Board of India (SEBI) in February 2021.

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