What is the role of a Fund Manager?
Fund managers are responsible for implementing a consistent investment strategy that reflects the goals and objectives of the fund. Normally, fund managers monitor market and economic trends and analyse securities in order to make informed investment decisions.
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# How are mutual funds regulated?
All Asset Management Companies (AMCs) are regulated by SEBI and/or the RBI (in case the AMC is promoted by a bank). In addition, every mutual fund has a board of directors that represents the unit holders’ interests in the mutual fund.
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# What is an Asset Management Company (AMC)?
The company that manages a mutual fund is called an AMC. For all practical purposes, it is an organized form of a “money portfolio manager”. An AMC may have several mutual fund schemes with similar or varied investment objectives. The AMC hires a professional money manager, who buys and sells securities in line with the fund's stated objective.
Courtecy: Moneycontrol.com
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