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Answer : 1. "2 Basis Points"
As per SEBI order, how many basis points of an AMC's assets should be spent on investor awareness activities?
5Q:
As per SEBI order, how many basis points of an AMC's assets should be spent on investor awareness activities?
- 12 Basis Pointstrue
- 23 Basis Pointsfalse
- 31 Basis Pointsfalse
- 44 Basis Pointsfalse
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Answer : 1. "2 Basis Points"
Explanation :
Solution: In the last financial year, 34 asset management companies (AMCs) conducted 10,364 events covering over half a million participants. 281 Investor Awareness Programs (IAPs) were conducted by AMFI, involving 84,818 participants. In the last year, 33 AMCs had organized 8,426 events covering nearly half a million investors. The mutual fund industry has added 4.7 million new investors in the last one year. SEBI has mandated AMCs to invest two basis points of their assets under management on investor awareness activities.