Dr. Eli Joseph Teaches Unique Ways to Achieve in the Face of Rejection
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There are those who simply dream of accomplishing big goals and those who go out and get them. Dr. Eli Joseph is no doubt in the latter camp. At just 26 years of age, this educator and researcher is a faculty member at both Columbia University and Queens College, serves as a partner and medical examiner at Quest Diagnostics, has spoken on TEDx stages, and is a
Forbes 30 under 30 scholar. Joseph knows a thing or two about achieving big goals in the face of rejection, and he shared his unique concepts for exponential success with Black Enterprise.
The internet can be a useful tool for DIY investors, if they tread carefully
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SEBI aligns key employees’ pay with interests of mutual fund unit holders
April 28, 2021
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Regulator directs MFs to pay 20 per cent of overall compensation through units of schemes in which they have an oversight role
In an interesting twist, the Securities and Exchange Board of India (SEBI) has directed mutual funds to pay 20 per cent of the overall compensation paid to key employees through units of mutual fund schemes in which they have an oversight role.
However, Exchange Traded Funds, Index Funds, Overnight Funds and existing close-ended schemes shall be excluded from the new regulations.
Units allotted to the key employees can be claw-backed in the event of a violation of Code of Conduct, fraud, and gross negligence by key employees. Upon clawback, the units shall be redeemed and amount shall be credited to the scheme, said SEBI. Every scheme has to disclose the compensation, in aggregate, paid in the form of units to the Key Employees, it added.
Nippon Life India Asset Management (NAM India) reported a consolidated net profit of Rs 167 crore in Q4 FY21 compared with net profit of Rs 4 crore in Q4 FY20.
Total income during the quarter increased by 142% year-on-year (YoY) to Rs 362 crore. Nippon Life India Asset Management is an asset manager of Nippon India Mutual Fund (NIMF).
For the quarter ended 31 March 2021, NIMF s average assets under management was Rs 2,28,586 crore, an increase of 12% year-on-year.
For the quarter ended 31 March 2021, share of equity assets rose to 40.6% of NIMF s AUM as against 39.1% for the quarter ended 31 December 2020. However, it is lower compared with 42% for the quarter ended 31 March 2020.