The Securities and Exchange Board of India (Sebi) has formed two expert groups to look into the responsibilities, qualifications, and functions of sponsors and trustees at asset management firms (AMCs). A sponsor, similar to a promoter, provides funds for the establishment of an AMC, whereas a trustee serves as a supervisor and is responsible for safeguarding the interests of investors.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
KEY POINTS:
Meanwhile, Manoj Vaish, Independent Trustee, Mirae MF, will chair the working group on MF trustees.
Find More News on Economy Here
In a significant move aimed at reorganizing governance and addressing political and administrative challenges, President…
Exams such as SSC, Banking, Railways, and state-level tests offer paths to prestigious positions in…
Mysore, a city in the southern state of Karnataka, India, is famous for its rich…
The upcoming Champions Trophy 2025 marks the ninth edition of the ICC Champions Trophy, featuring…
The 2025 ICC Champions Trophy is set to mark the ninth edition of this prestigious…
India's nuclear program focuses on using nuclear energy for peaceful purposes, like producing electricity and…