Discuss the role and responsibilities of an Assets Management Company (AMC) appointed to manage the affairs of the mutual funds. Describe the working mechanism of an AMC and the functions performed by it.
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Answer:
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Explanation:
When you invest with an AMC, you purchase a portfolio they offer. The company is principally responsible for driving the mutual fund and making decisions that benefit the investors. Under the leadership of a fund manager, it invests the money in line with the trust deed and the financial objective of the scheme.
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Explanation:
When you invest with an AMC, you purchase a portfolio they offer. The company is principally responsible for driving the mutual fund and making decisions that benefit the investors. Under the leadership of a fund manager, it invests the money in line with the trust deed and the financial objective of the scheme.
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