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KEY INFORMATION MEMORANDUM LIC MF Ultra Short Term Fund An Open Ended Ultra Short Term Debt scheme investing in instruments with Macaulay duration between 3 months 6 months (Please refer Page No.
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How to fill out 1 potential risk class
How to fill out 1 potential risk class
01
Identify all potential risks associated with a particular project, process, or activity
02
Assess the likelihood of each risk occurring and the potential impact it could have
03
Classify each risk based on its severity and the level of control that can be exerted over it
04
Assign the risk to a specific risk class based on the above criteria
05
Review and update the risk class as new information becomes available or the project progresses
Who needs 1 potential risk class?
01
Any individual or organization involved in project management, risk management, or decision-making processes can benefit from using risk classes to better understand and manage potential risks
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What is 1 potential risk class?
1 potential risk class refers to a category of risks that have a likelihood of occurring and may impact the business operations.
Who is required to file 1 potential risk class?
The entity or organization that is exposed to the identified potential risk class is required to file it.
How to fill out 1 potential risk class?
To fill out 1 potential risk class, the organization needs to assess the likelihood of the risk occurring, its impact, and possible mitigation strategies.
What is the purpose of 1 potential risk class?
The purpose of identifying and filing 1 potential risk class is to proactively manage and mitigate risks that may affect the organization.
What information must be reported on 1 potential risk class?
The information reported on 1 potential risk class includes the description of the risk, its likelihood, impact assessment, and proposed mitigation measures.
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