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Options
- A
To issue statement of funds holding to the investors
- B
To execute the buy and sell orders in the stock market
-
To keep the safe custody of the securities of the mutual fund scheme
Correct answer
- D
To issue account statements to the Mutual Fund unit holders
Why this is the answer
The custodian has custody of the assets of the fund. As part of this role, the custodian needs to accept and give delivery of securities for the purchase and sale transactions of the various schemes of the fund. Thus, the custodian settles all the transactions on behalf of the mutual fund schemes.
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