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Each mutual fund is required to nominate a registrar and switch agent (RTA), except they’ve an in-house RTA. Consider RTA as a facilitator and record-keeper of all of your mutual-fund transactions. So, whether or not you wish to begin a scientific funding plan, systematic switch plan, make lump-sum investments or withdrawals, all of the back-end processes are dealt with by RTAs. Buyers can go to the web sites of RTAs to get a consolidated account assertion of all their transactions; and may change their financial institution accounts, nominees and even contact particulars by way of the brokers. RTAs even facilitate the KYC registration course of for brand spanking new buyers.
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