Multiple choice

Who is the primary guardian of unit holder's funds?

  1. The AMC

  2. The Sponsor

  3. The Trustees

  4. The Custodians

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Custodians are the primary guardians of unit holders' funds as they hold the securities and assets in safekeeping. While Trustees protect investor interests and AMCs manage investments, Custodians physically safeguard the assets.