Question

Amc directors are appointed with the permission of trustees

a. true

b. false

Answer 1

Amc directors are appointed with the permission of trustees. It is a. true.

Answer 2

It is true that the AMC directors are appointed with the permission of trustees

Explanation:

• The AMC is the short form of "Asset Management Company" and they have directors who are appointed by the trustees for managing fund schemes. The AMC has its own set of directors but they are guided by trustees and the 'SEBI '
• The AMC manages and control the funds of people who are their clients. The funds are put to use through various forms of investments, buying of bonds, real estates, and many other areas of financial investments.
• The funds collected through AMC are used for mutual funds and other kinds of trading and exchanges. The role of the AMC managers  are more like financial mangers and they negotiate on the prices and work at discounts  for the purchase of funds

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