5A chapter 3

Identify True Statement

Operations of Mutual Fund trust are governed by trust deed

The sponsor will have to appoint 4 trustees

Atleast 50% of directors of AMC should be independent

Trustee shall file half early reports to SEBI

Appointment of AMC can be terminated by

Custodian has custody of asset

AMC tracks corporate actions like right, bonus and dividend

RTA maintains Investor records

Scheme and AMC auditor can be a same person