Which entity holds the assets of the mutual fund in trust for the benefit of the investors?
A
Asset Management Company (AMC)
B
Board of Directors of the AMC
C
Trustees
D
Distributors
Correct Option:
C
Explanation
Trustees hold the assets of a mutual fund in trust for the benefit of the unit holders. They oversee the functioning of the Asset Management Company (AMC) and ensure that the fund is managed in accordance with SEBI regulations and the trust deed.
