NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Legal Structure of Mutual Funds in India
Who is responsible for ensuring that the AMC manages schemes in accordance with the trust deed and SEBI regulations, and for reviewing its performance?
The trustees are responsible for overseeing the AMC, ensuring that schemes are run in line with the trust deed and SEBI regulations, and reviewing its performance. The RTA and custodian perform operational roles and do not supervise the AMC.
- AThe registrar and transfer agent
- BThe custodian
- CThe trusteesCorrect
- DThe unitholders' association
Explanation
Trustees supervise the AMC, ensure schemes comply with the trust deed and regulations, and review its activities. The RTA handles unit records and the custodian safekeeps securities.
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