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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Concept and Role of a Mutual Fund

In the Indian mutual fund structure, which entity holds the assets of the scheme for the benefit of unit holders?

The trustees hold the scheme's assets in trust for the benefit of unit holders and supervise the AMC. The AMC manages the investments, the sponsor sets up the fund, and the registrar maintains investor records and processes transactions.

  1. AAsset Management Company
  2. BSponsor
  3. CTrusteeCorrect
  4. DRegistrar and Transfer Agent

Explanation

The trust holds the scheme assets, and the trustees oversee the fund on behalf of the unit holders. The AMC manages investments, the sponsor establishes the fund, and the RTA handles unit records and transactions.

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