What is the role of registrar & transfer agent for mutual fund investment?
Registrar and transfer agent (RTA) job is to manage the back end operation of an Asset Management Company (AMC). AMC managing the fund of the investors, but for managing the day to day operations like purchase & redemption request, KYC, account statement, etc., they have outsourced the job to RTA. RTAs are professionally managed companies having expertise in mutual fund operation and investor related issues. An RTA can manage the operation of multiple mutual fund companies.
CAMS and Karvy are two prominent RTA are in India. Some AMCs are managing their back end operations on their own without an RTA.
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