NISM Certifications · NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors · Collective Investment Vehicles
An Infrastructure Investment Trust (InvIT) in India is structured as a trust. Which party is responsible for managing the investments and assets of the InvIT?
The investment manager is responsible for managing the assets and investments of an InvIT. The trustee holds the assets for unit holders, and the sponsor sets up the trust, but auditors, exchanges and registrars do not manage the investments.
- AInvestment ManagerCorrect
- BSponsor's auditor
- CStock exchange
- DRegistrar to the issue
Explanation
An InvIT has a trustee, sponsor, investment manager and project manager. The investment manager manages the trust's assets and investments, while auditors, exchanges and registrars perform different roles.
Did you get it right without looking?
One question tells you little. A timed set on Collective Investment Vehicles shows your real accuracy, how long you take and where you lose marks.
More Collective Investment Vehicles questions
- Which of the following is a key difference between a mutual fund and a PMS for a distributor explaining them to a client?
- Which feature of an open-ended mutual fund scheme differs from a closed-ended scheme?
- An investor bought units of an exchange traded fund (ETF) tracking the Nifty 50 at Rs 200 per unit. The ETF's NAV that day was Rs 198 and th…
- Which feature distinguishes an Exchange Traded Fund (ETF) from a conventional open-ended index mutual fund scheme?
- Which statement about Infrastructure Investment Trusts (InvITs) is correct?
- Which of the following AIF categories under SEBI regulations covers funds that invest in start-ups, early-stage ventures and social ventures…