Module 3 of 12 · 15 min

How a fund is built

Sponsor, trustee and AMC, and who does what. Everything here is free. Work through the lessons in order, or jump to the one you need.

What you will cover

1. 1 The legal structure, a trust Why a mutual fund is a trust, and the three parts that make it up. ⏱ 6 min · 4 practice Q →
2. 2 The sponsor Who the sponsor is, and the track record and net-worth tests SEBI demands before it may set up a mutual fund. ⏱ 6 min · 5 practice Q →
3. 3 The trusteestrickiest Who the trustees are, how many, how independent, and what they must do. ⏱ 6 min · 5 practice Q →
4. 4 The AMC Who the AMC is, its net worth, its board, and what it may and may not do. ⏱ 6 min · 5 practice Q →
5. 5 Custodian, RTA and the rest The other constituents in one pass, with a memory hook for who appoints whom. ⏱ 7 min · 6 practice Q →