The Securities and Exchange Board of India (Sebi) has formed two expert groups to look into the responsibilities, qualifications, and functions of sponsors and trustees at asset management firms (AMCs). A sponsor, similar to a promoter, provides funds for the establishment of an AMC, whereas a trustee serves as a supervisor and is responsible for safeguarding the interests of investors.
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Meanwhile, Manoj Vaish, Independent Trustee, Mirae MF, will chair the working group on MF trustees.
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