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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Legal Structure of Mutual Funds in India

Who is responsible for ensuring that a mutual fund's unit transactions are recorded, including issuing account statements and processing purchase and redemption requests, as a service provider to the AMC?

The registrar and transfer agent maintains unit holder records, processes purchase and redemption requests and issues account statements for the AMC. Auditors, sponsors and trustees have other roles, such as auditing, establishing the fund and supervising the AMC.

  1. AThe registrar and transfer agentCorrect
  2. BThe statutory auditor of the fund
  3. CThe sponsor of the fund
  4. DThe trustees of the fund

Explanation

The registrar and transfer agent (RTA) maintains unit holder records, processes purchases and redemptions, and issues account statements on behalf of the AMC. Auditors review accounts, sponsors set up the fund, and trustees oversee the AMC but do not run unit-holder servicing.

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