Options
- A
The Trustee and the Investors
- B
The Sponsor and the Beneficiaries
-
The Sponsor and the Trustee
Correct answer
- D
The Sponsor and the Manager
Why this is the answer
The 'Trust Indenture' is a registered document executed between the sponsor and the trustee to establish and govern the trust structure of the AIF.
Test yourself for real
Take a full NISM Series X mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.