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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.
The Sahitya Akademi was formally inaugurated by the Government of India on 12 March ________.
Consider the following statements about the Kakori train conspiracy.
1. In the incident of Kakori, the main conspirator was Ram Prasad Bismil. <...
Which Indian chess master has clinched the 2018 Tal Memorial Rapid Chess tournament in Moscow?
Which of the following statement is correct about The Amazon, the world's most biodiverse rainforest?
(1) The World's second largest rainforest...
The marginal propensity to consume (MPC) refers to the:
Which of the following options is incorrect about “National Education Policy 2020”?
Which of the following cricketers was described as 'Mr. Incredible' by the captain of the England Test Cricket team in July 2020?
Fruit cracking is due to the deficiency of:
Who was appointed as the 24th Chief of Naval Staff in May 2019?
Through what financial mechanism did Bank of India (BoI) recently secure ₹4,500 crore by issuing approximately 44.91 crore equity shares at an issue p...
