NISM-Series V-A: Mutual Fund Certification Exam Notes
Page 18 Of 63
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RTA (Registrar and Transfer Agent) is appointed by AMC and maintains investor's records. Investor Service Centres (ISC), are offices of R&T. It is not compulsory to appoint a RTA.
Scheme Auditor & AMC Auditor are different. Scheme Auditor is appointed by Trustee, AMC auditor by AMC.
Role of calculating the NAV & DISCLOSING IT is done by Fund Accountant. It is not compulsory to Outsource Fund Accounting Activity.
Distributors have a key role in selling suitable types of mutual fund schemes to their clients/investors. A distributor can be empanelled with more than one AMCs.
Distributors can be individuals or institutions such as distribution companies, broking companies and banks.
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