Ch.3 · Custodian and RTA Functions · easy
What is the Asset Management Company (AMC) and what is its primary role?
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EXPLANATION
The AMC is a SEBI-registered investment management company appointed by the trustees under an Investment Management Agreement. The AMC manages the scheme's portfolio, makes investment decisions through fund managers, handles day-to-day operations, and earns a management fee (part of TER) for these services.
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