The primary responsibility of the trustees of a mutual fund is to
A
Manage the fund's daily operations
B
Oversee the AMC and protect the interests of investors
C
Market and sell the fund's units
D
Provide customer service to investors
Correct Option:
B
Explanation
The primary responsibility of the trustees is to oversee the Asset Management Company (AMC) and safeguard the interests of the unit holders. They ensure that the mutual fund complies with regulatory requirements and operates in accordance with the trust deed.
