Mutual funds are constituted as trusts in India. Who are the beneficiaries of the trust?
A
The employees of the Asset Management Company
B
The mutual fund distributors
C
Unit holders
D
Trustees of the mutual fund
Correct Option:
C
Explanation
Unit holders are the beneficiaries of a mutual fund trust in India. The trustees hold the fund's assets in trust for their benefit and ensure that the scheme is managed in their best interests.
