Question 5 of 90
A mutual fund sponsor can be compared to a
A
Depositor of a company
B
Company director
C
Promoter of a company
D
CEO of a company
Correct Option:
C
Explanation
A mutual fund sponsor is comparable to the promoter of a company because the sponsor establishes the mutual fund. The trustees oversee the fund, the AMC manages the investments, and the unit holders are the beneficial owners of the fund's assets.
