Fund Manager Appointment Requirements & Portfolio Replication Quiz
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Questions and Answers

According to the amended Regulation, when must AMCs appoint a separate fund manager for each separate fund managed by it?

  • Only if the investment objectives and asset allocations are the same (correct)
  • Only if the portfolio is replicated across all the funds managed by the fund manager
  • Always, regardless of the investment objectives and asset allocations
  • Only if the portfolio value is replicated by at least 70%

    • What percentage of portfolio value must be replicated for the purpose of compliance with the amended Regulation?

  • At least 70% (correct)
  • At least 90%
  • At least 100%
  • At least 50%

    • What is one of the requirements for compliance with the amended Regulation?

  • Having a separate fund manager for each separate fund
  • Having a written policy for trade allocation (correct)
  • Having a portfolio replicated across all funds managed
  • Having the same investment objectives and asset allocations

    • What must the fund manager not do in relation to the schemes managed by him?

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