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<h1>Trustees of Mutual Fund Lite schemes must sign investment agreements with asset managers per SEBI rules, ensuring compliance.</h1> Trustees of Mutual Fund Lite schemes must enter an investment management agreement with the asset management company, containing clauses specified by the Securities and Exchange Board of India (SEBI). Trustees are responsible for safeguarding the funds and ensuring compliance with regulations, overseeing the asset management company's activities, and addressing unitholder complaints. They must ensure no unfair advantages are given to associates and review transactions quarterly. Trustees must also protect trust property, avoid conflicts of interest, and follow a Code of Conduct. They are not liable for actions taken in good faith with due diligence, as per the trust deed.