n NISM Certifications
MF MF Foundations
Medium

Mutual funds are constituted as ‘Trusts’ in India. Who are the beneficiaries of the trust?

Practice question from LEGAL STRUCTURE OF MUTUAL FUNDS IN INDIA Test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The employees of the Asset Management Company

  2. B

    The mutual fund distributors

  3. Unitholders

    Correct answer

  4. D

    Trustees of the mutual fund

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

Test yourself for real

Take a full MF Foundations mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.