{"id":31002,"date":"2015-05-17T04:59:39","date_gmt":"2015-05-17T04:59:39","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=31002"},"modified":"2024-04-03T13:20:18","modified_gmt":"2024-04-03T07:50:18","slug":"organization-of-mutual-funds","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/organization-of-mutual-funds\/","title":{"rendered":"ORGANIZATION OF MUTUAL FUNDS"},"content":{"rendered":"

\"ORGANIZATION<\/a><\/p>\n

Mutual funds have a typical organization in which 5 key or special bodies or constituent are involved .They are :<\/p>\n

    \n
  1. The sponsors .<\/li>\n
  2. The Board of trustee (BOT) or Trust company(TC).<\/li>\n
  3. The Asset Management Company(AMC).<\/li>\n
  4. Custodian,and<\/li>\n
  5. The unit -holder.<\/li>\n<\/ol>\n

    Unit holders are formed by an investment adviser or sponsor who selects and appoints a BOT .BOT ,in turn ,hires or contract a separate AMC which is run by professional managers .<\/p>\n

    The AMC ,conducts the necessary research ,and ,based on this manage the fund or portfolio.It is responsible for floating ,managing ,redeeming the scheme ;it also handles the administration chores.It receives the fees for services rendered by it.<\/p>\n

    The custodian is responsible for coordination with brokers ,the actual transfer and storage of stocks ,and handling the property of the trust.He is answerable to AMC.<\/p>\n

    As per current regulation in force in india ,every MF proposed by sponsors has to be registered as a trust under the Indian Trust Act ,1982( and not a company under the Companies ACT,1956 ).All MFs have to be registered with the SEBI.<\/p>\n

    Some MFs in US charges their investors a sale fee for the cost involved in selling the funds,and they are called “load funds”.Those who don’t charges such a fee are called”no-load fund “.All funds charges their shareholder a management fee which is paid out of the fund’s income<\/p>\n

     <\/p>\n

    Click here for government certification in Accounting, Banking & Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Mutual funds have a typical organization in which 5 key or special bodies or constituent are involved .They are : The sponsors . The Board of trustee (BOT) or Trust company(TC). The Asset Management Company(AMC). Custodian,and The unit -holder. Unit holders are formed by an investment adviser or sponsor who selects and appoints a BOT…<\/p>\n","protected":false},"author":1211,"featured_media":31010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[3765,3769,3768,3770,3772,1369,3771,3766,3767],"class_list":["post-31002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-asset-management-company","tag-board-of-trustee","tag-custodian","tag-load-funds","tag-management-fee","tag-mutual-fund","tag-no-load-funds","tag-sponsor","tag-unit-holder"],"acf":[],"yoast_head":"\nORGANIZATION OF MUTUAL FUNDS - Vskills Blog<\/title>\n<meta name=\"description\" content=\"The post focuses on the organization of a MFs and work of the constituent of the organization. Apply for a Vskills certification in Banking now. 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