Registrar and Share Transfer Agent — Importance for Investors & Fund House
Registrar and Share Transfer Agent:
Registrar & transfer agent is a mediator who remains responsible for the back-end process containing multiple transactions related to mutual funds, financial & non-financial dealings. Also, the responsibility of data maintenance of every mutual fund’s transactions of the fund house via the chain of offices countrywide is upon the Registrar & Share Transfer Agent.
In addition to this, the RTA Service provider deals with all the financial as well as non-financial transactions along with providing investors with the forms of the dedicated fund house and manages all the account sta
elements as well.
The investors are backed up with all the information related to upcoming or ongoing fund offers, portfolio consolidations, paid-up dividends, etc.
Significance of Registrar and Transfer Agent for Investors & Fund House
The above study clarifies that the RTA keeps a record of all the information of multiple schemes offered by the fund houses. It makes Registrar & Transfer Agent an important entity for the Mutual fund house as they are being outsourced for all the back-end process work.
The mutual fund house deals with a large number of transactions related to sale, purchase, and transfer of shares on a daily basis, which results in a lot of transactional data. The handling of such processing data becomes tedious for the mutual fund house which makes it appoint the Registrar & Transfer Agent Services (www.sagrta.com/rta-services) like SAG RTA which supports handling a lot of transactional data is the major benefit of appointing the RTA service provider.
However, the center for all the investors remains the mutual fund house, but in the case of record-keeping, they outsourced R & T Agent which not only saves time but also reduces the cost of the fund houses.
Securities and Exchange Board of India (SEBI) validates the day’s NAV on the investment made on a particular day. it requires an exact cut-off time which can only get with the availability of an RTA service provider for the mutual fund house and the overall investment process get going.
If any fund house is willing to outsource its record-keeping services, they can go for www.sagrta.com which is the first RTA Services provider in Rajasthan and is authorized by the SEBI.
