February 2024

Mutual Fund Custodian: Advantages, Role And Responsibilities

FinTech /

Banks become custodians for their customers and take legal responsibility for the products that the customers have put into custody. When a customer opens a “DEMAT Ac.” (Dematerialized Account), the bank becomes a custodian for its prospects. While the customer remains the solely real owner of the products, they are merely held by the banks

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