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Mutual Funds

  Mutual Funds   |   Terms
  • 862
  • May 29, 2020
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Beneficial Owner

An individual or company that enjoys the benefits of owning a mutual fund’s share even though title is not registered in his/its name. When shares are deposited in a custodian bank, the real owner is the ultimate beneficial owner, even though for safety or convenience, the bank holds title. In practice, each of the ultimate beneficial owners holding five percent or more of the manager of the mutual fund is required by relevant regulatory authorities to disclose his/ its holdings.


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