NISM-Series V-A: Mutual Fund Certification Exam Notes
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AMC should have networth of at least Rs 50 crore. At least 50% of the directors should be independent directors. Prior approval of the trustees is required before a person is appointed as director on the board of the AMC.
Fund management - the analysts, the fund managers, and the dealers. The analysts analyse various opportunities, be it individual securities, or sectors, or the state of the markets, or the economy.
The fund managers evaluate the opportunities presented to them by the analysts, the brokers, and other research firms.
The Dealers' responsibility is to place orders with securities brokers based on the instructions of the fund managers
Custodian must be Independent. Custodian tracks corporate benefits. Custodian is appointed by the trustees.
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