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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.
'A & B’ means ‘A is the sister of B’.
‘A – B’ means ‘A is the mother of B’.
‘A × B’ means ‘A is the husband of B’...
Cyclone : Anticyclone :: Flood : ?
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Select the option that is related to the third term in the same way as the second term is related to the first term and the sixth term is related to the...
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Which of the following letter-clusters can replace the question mark (?) In the given series to make it logically complete?
NJU, KFR, HBO, EXL,?
Find the odd one out.
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Three of the following four options are alike in a certain way based on the Alphabetical series. Which one among the following doesn’t belong to the g...