Question

In India, the company which actually deals with the corpus of the mutual fund is called a) Sponsor Company b) Trustee Company c) Asset Management Company d) Mutual Fund Company

Answer 1

d) mutual funds company

Answer 2

Answer:

In India, the company which actually deals with the corpus of the mutual fund is called

 d)   Mutual Fund Company. Legal framework of mutual fund companies in India is quite different than UK or USA. These companies are managed with the help of trust company or board of trustees as per the Indian Trust Act of year 1956.Trustees work to protect the interests of all the mutual fund unit holders.