Structure of Mutual Funds | Sponsor, Trustee & AMC
85.6 هزار بار بازدید -
6 سال پیش
-
Sponsor is the Promoter of
Sponsor is the Promoter of #MutualFund
Seeks #SEBI Registration for starting MF
5 years in Financial Services Business
Profit making in 3 out of last 5 years
Minimum 40% share-holding in AMC
Positive Net Worth in last 5 years
Indian / Foreign Sponsor, Joint Venture
Trust – MF in India is a Trust.
Minimum 4 trustees & two-thirds of the trustees - independent trustees
SEBI Approval required, before a person is appointed as Trustee
Person convicted of any economic offence or violation of any securities laws cannot be appointed as trustee
#AMC – Day to Day operations of Mutual Fund
50% Independent directors.
Trustee Approval required before a person is appointed as a Director
Minimum net worth of Rs. 50 crore
AMC can’t invest in its own schemes.
Can be terminated by a majority of the trustees, or by 75% of the Unit-holders
Chief Investment Officer (CIO) is responsible for overall investments. Fund managers assist the CIO
Securities Analysts – Fundamental & Technical Analysis for stock picking.
Securities Dealer – Order Execution
Chief Marketing Officer (CMO)
Chief Operations Officer handles all operational issues.
Compliance Officer - Legal Compliances. Signs a due-diligence certificate in OD of New Issues.
Compliance Officer reports to head of the AMC & works closely with Trustees on compliance & regulatory issues.
Custodian – Custody of assets
Settlement of Security Transactions
SEBI registered, appointed by Trustee
Custodial Agreement with Trustee
Tracks dividends, bonus & rights of companies in the portfolio
Normally Independent of Sponsor
RTA – Registrar & Transfer Agents
Maintains investor records
Offices of RTA – ISC (Investor Service Centres)
Appointed by AMC. (Optional). Can be In-House also
All RTAs need to register with SEBI
Auditors – Scheme & AMC
Scheme Auditor Appointed by Trustee
AMC Auditor appointed by AMC
Fund Accountant – Calculation & Disclosure of NAV.
Equity & balanced fund NAV upto 2 decimal places.
Index & Debt Funds NAV – upto 4 Decimals.
Daily night 9 pm in AMFI Site.
FoF – By 10 am next day
MF Mock Test - modelexam.in/nism-exams/nism-mutual-fund-mock-test…
MF Notes - modelexam.in/nism-exams/nism_study_material_simple…
NISM FAQ - modelexam.in/nism-exams/faq.html
NISM Exam Calendar - modelexam.in/nism-exams/nism-exam-date-schedule-ce…
6 سال پیش
در تاریخ 1397/04/12 منتشر شده
است.
85,642
بـار بازدید شده