What is the purpose of constituting a Unit Holder Protection Committee (UHPC) as per the circular issued by SEBI to protect unitholders’ interests ?
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.
Consider the following statement about World Economic Forum:
I. The Giving to Amplify Earth Action (GAEA) was introduced by the World Economic Fo...
Which rice variety of Bihar's West Champaran has recently been awarded the GI tag?
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Who has become the new MD and CEO of LIC Mutual fund?
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In Economics, what does the term Usual Principal Status indicate?
According to International Monetary Fund (IMF), India would become a $5-trillion economy by__________?
ONDC has partnered with which company to help small businesses in making them digitally upskilled over the next two years ?
What is the primary goal of the Memorandum of Understanding (MoU) signed between the Indian Institute of Corporate Affairs (IICA) and the Skill Council ...
