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

Who has the responsibility of overseeing legal compliance in a mutual fund?

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

Options

  1. A

    The Custodian

  2. B

    The Sponsors

  3. C

    The AMC

  4. The Trustees

    Correct answer

Why this is the answer

Trustees are responsible for ensuring legal compliance in mutual funds and protecting the interests of investors, as required by SEBI.

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