Question 7 of 10
Which entity is responsible for the safekeeping of the fund’s securities?
A
AMC
B
Trustees
C
Custodian
D
RTA
Correct Option:
C
Explanation
The custodian is responsible for the safekeeping of a mutual fund's securities. It holds the securities, settles trades, and ensures that the fund's assets remain secure and properly accounted for.
