Multiple choice

SEBI allows retail investors to apply for shares of initial public offerings without the actual transfer of their funds. What is this facility called?

  1. Systematic transfer plans

  2. Systematic investment plans

  3. Hedge fund accounts

  4. ASBA

  5. None of the above

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Application Supported by Blocked Amount (ASBA) refers to an application mechanism for subscribing to initial public offers (IPO).