NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Investor Services
Which of the following is a role of a Registrar and Transfer Agent (RTA) in providing investor services for a mutual fund?
An RTA processes investor applications, maintains unitholder records and folios, and dispatches account statements and other communications. It does not set investment objectives, approve offer documents or act as custodian, which belong to the AMC, SEBI and the custodian respectively.
- AProcessing applications, maintaining unitholder records and dispatching statementsCorrect
- BSetting the investment objective of the scheme
- CApproving the scheme's offer document on behalf of SEBI
- DActing as custodian of the scheme's securities
Explanation
RTAs handle investor servicing: processing purchase and redemption requests, maintaining folio records and sending account statements. Investment objectives are set by the AMC and trustees, SEBI approves documents, and custodians hold securities.
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