Investors – Who have savings for investment and are looking for proper investment channel
Sponsor – Is a person who sets up a mutual fund and sets up a trust after executing trust deed. Sponsor contributes to the initial capital of the trust and appoints the board of trustees. It also appoints asset management company (AMC) and contributes minimum of 40% of net worth of AMC
Trustees – Are appointed by the sponsor with the approval of regulator. At least two- third trustees must be independent. Trustees have a FIDUCIARY responsibility toward unit holders and they receive fees for their service
Asset Management Company – AMC is the Fund Manager for floating and managing different mutual fund schemes. AMC is accountable to the trustees and charges asset management fees subject to ceiling prescribed by regulator
Custodian/ Depository – They are appointed by Board of Trustees and keep record of securities/investments. Custodian/Depository Participant are registered with regulator
Registrar and Transfer Agent – They issue, redeem, transfer units of mutual fund schemes and keep investor’s account up to date. Registrar and Transfer Agent are registered with regulator
