Question
Which asset management company has launched Children’s
Fund, a scheme which will invest in a mix of securities comprising equity, equity-related securities and debt instruments & will be locked-in for five years or till the child attains the age of majority, whichever is earlier?Solution
Union Asset Management Company has launched Children’s Fund, a scheme which will invest in a mix of securities comprising equity, equity-related securities and debt instruments. The investments will be locked-in for five years or till the child attains the age of majority, whichever is earlier.
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I. It is the constitutional body.
II. It determines the method and formula for distr...
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