UNIT TRUST OF INDIA- ALL YOU NEED TO KNOW
A unit trust is an investment plan in which the funds are pooled together and then invested. The fund which is pooled is then unitized and the investor who is one party to the unit trust is called a unitholder, holding a certain number of units.
A second party i.e the manager is responsible for the day-to-day running of the trust and for investing the funds.
The trustee, governed by the Trust Companies Act 1967, is the third party, and their role is to monitor the manager’s performance against the trust’s deed………….
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