What forms the basis for the appointment of a distributor by an AMC?
A
SEBI approval
B
Agreement between the investor and the distributor
C
Power of attorney from the AMC
D
An agreement between the AMC and the distributor
Correct Option:
D
Explanation
A mutual fund distributor is appointed by an Asset Management Company (AMC) through a formal distribution agreement between the AMC and the distributor.
