Ch.3 · Sponsor, Trustee and AMC Roles · medium
What is a 'due diligence certificate' filed by trustees with SEBI?
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EXPLANATION
Before every new scheme launch, trustees must file a due diligence certificate with SEBI confirming that they have reviewed the SID, ensured the disclosures are adequate and accurate, and are satisfied that the scheme is in the interest of investors. This is a key accountability mechanism for trustees.
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