Ch.3 · Custodian and RTA Functions · easy
Which of the following is a key obligation of trustees under SEBI regulations?
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EXPLANATION
Trustees are the primary fiduciaries responsible for overseeing the AMC and ensuring it acts in the best interest of unit holders. They review AMC compliance, approve new schemes, monitor investment restrictions, and can remove the AMC if it fails to meet its obligations. Trustees do not manage investments directly.
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