Who issues a due diligence certificate stating compliance with all legal formalities at the time of making a New Fund Offer (NFO) of mutual fund units?
A
Board of Trustees
B
AMC
C
Compliance Officer
D
Custodian
Correct Option:
B
Explanation
At the time of launching a New Fund Offer (NFO), the Asset Management Company (AMC) submits the Due Diligence Certificate along with the Scheme Information Document to certify compliance with the applicable regulatory requirements.
