Question

is Tournament fund comes under endowment fund?​

Answer 1

Answer:

No

Explanation:

the endowment fund is a separate fund and the tournament fund is a separate fund. the endowment fund is a fund initiated to control the fluctuations at the cases where withdrawal is very frequent. the tournament fund is the fund segregated to make sure the tournaments expenses are met without interruption. this is a separate fund and does not come under any fund. further, we don't have one fund as a subdivision fund for another fund. each and every fund or reserve is separate from each other

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