Multiple choice

Which of the following cannot function as qualified institutional buyer?

  1. FII registered with SEBI

  2. Mutual fund

  3. Commercial bank

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

QIBs encompass a wide range of entities, including banks, savings and loans associations, insurance companies, investment companies, employee benefit plans or entities owned entirely by accredited investors. Banks and S&L associations must also have a net worth of at least $25 million to satisfy the QIB criteria. Thus, none of the given options can function as qualified institutional buyer.

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