What are the functions of asset management company in India?

Answer 1

Receiving and processing the application forms of investors.

Issuing unit certificates.

Sending refund orders.

Giving approval for all transfers of units and maintaining all such records.

Repurchasing the units and redemption of units.

Issuing dividend or income warrants.

Computing the net asset value per unit of the scheme on a weekly basis.

Maintaining its books and records.

Monitoring compliance with the schemes, investment limitations as well as the regulations of SEBI and others.

Preparing and distributing reports on the scheme for the unit holders and SEBI, and monitoring the performance of mutual funds custodians and other service providers.

Selecting and coordinating the activities of intermediaries such as advertising agency, printers, collection centers and marketing the services.

Carrying out extensive campaigns about the scheme, and acting as marketing associates to attract investors.

Assisting the AMC to approach potiential investors through meetings, exhibitions, contacts advertising, publicity and sales promotion.

Carrying oput the market ans security analysis.