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What is the role of an asset management company (AMC) in a mutual fund?
  • a)
    To collect funds from investors
  • b)
    To invest in assets and securities
  • c)
    To manage the fund's capital and investments
  • d)
    To provide financial advice to investors
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the role of an asset management company (AMC) in a mutual fund...
An asset management company (AMC) is responsible for managing a mutual fund. The AMC hires a professional money manager who buys and sells securities in line with the fund's stated objective. The AMC's role is to manage the fund's capital and investments, ensuring that they align with the fund's investment objectives.
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What is the role of an asset management company (AMC) in a mutual fund?a)To collect funds from investorsb)To invest in assets and securitiesc)To manage the fund's capital and investmentsd)To provide financial advice to investorsCorrect answer is option 'C'. Can you explain this answer?
Question Description
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