Rights and obligations of the trustees

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....shall enter into an investment management agreement with the MF Lite asset management company. (b) The investment management agreement shall contain such clauses as may be specified by the Board and such other clauses as are necessary for the purpose of making investments and fair and transparent functioning of an MF Lite asset management company. (c) Where the trustees have reas....

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....ii) request by the asset management company. Explanation: Termination shall become effective only after the trustees have accepted the termination of assignment and communicated their decision in writing to the asset management company. (2) Addressing conflict of interest: The trustees shall take all necessary measures as they deem necessary to ensure that any conflict of interest i....

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....onsibilities (a) The trustees shall have the right to request for any information from the mutual fund lite asset management company that they deem necessary. (b) The trustees shall be accountable for and be the custodian of the funds and property of the respective mutual fund lite schemes and shall hold the same in trust for the benefit of unitholders in accordance with this cha....

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....e or in the name of the mutual fund lite asset management company, and report to the Board, when required. (d) The trustees shall periodically review investor complaints and their resolution by the mutual fund lite asset management company. (5) Trustee oversight responsibilities (a) The trustee shall oversee activities of the mutual fund lite asset management company in the in....