Registrars and transfer agents are responsible forยท
- issuing and redeeming units of the mutual fund
- Preparation of transfer documents and updating investor records
A fund may choose to carry out this activity in-house and charge the scheme for the service at a competitive market rate.Transfer agents are an important interface to deal with because all the investor services that a fund provides (other than investment management) are going to be dependent on the transfer agent. Such services include buying/repurchase of units, switching from one scheme to the other, systematic investments/withdrawals, recording of nominations and bank details.