n NISM Certifications
V-A NISM Series V-A
Medium

The trustees of a mutual fund are appointed by the ______ .

Practice question from NISM Series V A - Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Sponsors

    Correct answer

  2. B

    SEBI

  3. C

    Asset Management Company (AMC)

  4. D

    Custodian

Why this is the answer

The Sponsors are responsible for registering the mutual fund with SEBI and for appointing the Trustees. The Trustees are the legal owners of the mutual fund assets and oversee the operations.

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