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National Institute of Securities Markets (NISM) is an Indian public trust and also the national apex body for the regulation and licensing of financial market dealing profession in India along with being the central civil service staff training institute of SEBI established in 2006 by the Securities and Exchange Board of India (SEBI) the regulator for the securities market in India.
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$590 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$95 billion) recorded in December 2013.
The firm must set up a separate asset management company (AMC) to run mutual fund business. The net worth of the parent firm or AMC must be ₹50,000,000. Mutual funds can be penalised for violating norms. Mutual funds dealing exclusively with the money market must register with the Reserve Bank of India.
Punjab Board of Investment & Trade (PBIT) was established in 2009 by Salmaan Taseer, the governor of Punjab.The first vice chairman and CEO was Haroon Khawaja. [1] PBIT is a government-owned company that is operated and managed by a Board of Directors (BOD) composed of members from the government and the private sector.
2015 Feb - Provided data backup services to Punjab Heritage Tourism Promotion Board for their rare records. 2015 Feb - Organized an exhibition at Banda Singh Bahadur Memorial at Chhapar Chiri, Mohali; 2015 Nov - Helped Punjab Government with the reprinting of Prince Waldemar's lithographs for Progressive Punjab Summit
A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States , Canada , and India , while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
NISM may refer to: National Institute of Securities Markets , an Indian public trust Nexus International School Malaysia , a private international school based in Putrajaya, Malaysia
Fund governance became a major fund servicing industry following the 2008 financial crisis “spurred (by) several media reports arguing that professional directors must be too busy to provide the appropriate level of monitoring for their clients.” [14] Consequently, many fund governance firms proliferated in response to perceived demand for ...