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Options
- A
Guards the interest of the mutual fund unit holders
-
Contributes to the capital of the Asset Management Company
Correct answer
- C
Looks after the day-to-day administration of the mutual fund
- D
Regularly reports to SEBI on the working of the fund
Why this is the answer
The Sponsor of a mutual fund is responsible for applying for the fund's registration with SEBI and for contributing to the capital of the Asset Management Company (AMC) that manages the fund.
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