Parties involved in a Mutual Fund

Parties involved in a Mutual Fund

(1) A Mutual Fund promoter company: Their role is to settle a Trust owning all fund assets. That trust will invest all fund money in the name of the trust.

(2) Trustee of Mutual Fund: Trustee has to be a bank.

(3) Fund Manager: Their role is to invest and daily operations. They are investment advisers approved by Capital Markets Authority/Securities Exchange Commission.

(4) Custodian: Custodian holds custody of all the assets of the fund. They have to be a bank or approved institution authorized to act as Custodian by Capital markets Authority/ Security Exchange Commission.

(5) In addition Investment Banks/Brokers will be retained to market the Mutual Fund. Their role is to get subscription into the fund.