Ch.3 · Sponsor, Trustee and AMC Roles · hard
What is the 'change of AMC' process for an existing mutual fund?
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EXPLANATION
Trustees can replace the AMC (e.g., if the original AMC is acquired or fails to perform) with SEBI's prior approval. Unit holders must be notified of the change and given an exit option without load during a transition period. The trust continues — only the AMC managing it changes. This protects unit holders while allowing governance changes.
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