Ch.3 · Custodian and RTA Functions · medium
What specific functions does the Custodian perform for a mutual fund?
0% of students got this wrong
EXPLANATION
The Custodian's functions include: holding securities in demat form, settling buy/sell trades (receiving securities on purchases, delivering on sales), receiving dividends and interest from portfolio holdings, processing corporate actions (rights, bonus, splits), and providing regular custody statements to the AMC and trustees.
Practising Chapter 3 one question at a time?
Try the full chapter — 80 questions, tracked score, weak area breakdown.