TRUSTEE AND AMC:

• AMC fees have a ceiling decided by SEBI
  
• Initial issue expenses not exceeding 6%
  
• Recurring expenses such as trustee fees, audit fees, etc.
  
• When net assets do no exceed Rs.100 crores, asset management fee is maximum 1.25% of average weekly net assets.
  
• When assets exceed Rs.100 crores, an additional asset management fee of maximum 1%of additional net assets.
  
• If the scheme is a no-load scheme, further fee of maximum 1% of average weekly net assets.
  
  CUSTODIAN:
  Custodian is appointed by Board of trustees for safekeeping of the physical securities or participating in any clearing system on behalf of mutual funds in case of DMAT securities. He provides an independent means of control as custodians (usually banks).
  
  TRANSFER AGENTS:
  They are responsible for unit holder record maintenance and servicing, including purchase, transfer and redemptions of units. They take care of change of address loss of Certificates or account statements etc.