CURRENT AFFAIRS

Detailed explanation-1: -The Franklin India Credit Risk Fund (earlier known as Franklin India Corporate Bond Opportunities Fund) is an open-ended debt mutual fund scheme primarily investing in AA and corporate bonds rated below AA.

Detailed explanation-2: -Vanguard is one example of an open-end management company. Open-end funds are open, meaning that they can continually bring on new investors and new investment capital rather than being closed at some point where they no longer bring on new investors or capital. All capital is pooled from the various investors.

Detailed explanation-3: -Nippon India Mutual Fund has been registered with the Securities & Exchange Board of India (SEBI) vide registration number MF/022/95/1 dated June 30, 1995. Nippon India Mutual Fund (NIMF) was earlier known as Reliance Mutual Fund.

Detailed explanation-4: -Unit Scheme 1964 (US ‘64) was the first scheme launched by UTI. At the end of 1988, UTI had ₹ 6, 700 crores of Assets Under Management (AUM).