Important Points for IC 99 - Asset Management Exam
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It requires no initial net investment or an initial net investment that is smaller than would be required for other types of contract that would be expected to have a similar response to changes in market factors - iii) Its terms require or permit net settlement. It can be readily settled net by a means outside the contract or it provides for delivery of an asset that puts the recipients in a position not substantially different from net settlement.
An option is a particular type of a contract between two parties where one person gives the other person the right to buy or sell a specific asset at a specified price within a specified time period.
IRDA has not yet allowed so far the insurance companies to invest in Hedge Funds.
Definition of Venture Capital : As per the Regulation, venture capital fund means a fund established in the form of a trust or a company including a body corporate and registered under these regulations which : Has a dedicated pool of capital - Raised in a manner specified in the regulation; and - Invests in venture undertaking in accordance with the regulations
Trust for the purpose means a trust established under the Indian Trusts Act 1882 or under an Act of Parliament or State Legislation.
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