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