Question 18 of 90
Between whom is the Trust Deed executed?
A
Trustee and Sponsor
B
Trustee and Custodian
C
Trustee and AMC
D
AMC and Sponsor
Correct Option:
B
Explanation
The Trust Deed of a mutual fund is executed between the Sponsor and the Trustees. The trustees hold the trust property for the benefit of the unit holders and supervise the activities of the Asset Management Company (AMC).
