NISM-Series V-A: Mutual Fund Certification Exam Notes
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Right to Inspect documents - Unit-holders have the right to inspect key documents such as the Trust Deed, Investment Management Agreement, Custodial Services Agreement, RTA agreement and Memorandum & Articles of Association of the AMC.
The investors can appoint upto 3 nominees, who will be entitled to the 'Units' in the event of the demise of the investors. The investor can also specify the percentage distribution etween the nominees.
Investors can pledge their mutual fund units. This is normally done to offer security to a financier.
Right to grievance redressal - SEBI has mandated that the status of complaints redressed should be published by each AMC in their annual report
If there is a change in the fundamental attributes of a mutual fund scheme, then the unitholders are provided the option to exit at the prevailing NAV without any exit load. This exit window must be open for at least 30 days.
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