Registrar & Transfer Agent:
The Registrar & Share Transfer Agent is a medium-sized entity that takes on all the responsibilities of the back-end process for multiple transactions involving mutual funds, as well as financial & non-financial dealings. The RTA undertakes the responsibility of maintaining records for each mutual fund’s transactions of the fund house across the country via its chain of offices.
The Registrar & Transfer Agent Services provider also manages all the financial as well as non-financial transactions while providing investors with the forms of the dedicated fund house, and works on all the account statements.
Also, the registrar & transfer agent helps the investors with all the information based on upcoming or ongoing fund offers, portfolio consolidations, paid-up dividends, etc.
Registrar and Transfer Agent Importance for Investors & Fund Houses:
All in all, the RTA is a single place for all the information on multiple schemes offered by the fund houses. However, if we deeply understand the roles of a Registrar and Transfer Agent, they are being outsourced by the Mutual fund house for all the back-end process work.
The mutual fund house has to perform numerous transactions based on selling, purchasing, or switching of the share units on a daily basis, which accumulates into a lot of transactional data.
Read Also: R&T Agent and How They Manage Their Stakeholders?
The mutual fund house is incompetent in handling data processing, which they further allocate to the RTA Services providers. And here comes the question of benefits from RTA service providers.
The mutual fund house remains the centre point of all the investors while they are being served by the Registrar and Share Transfer Agent via multiple branches across the country, saving time and cost of the fund houses in record-keeping matters.
Securities and Exchange Board of India (SEBI). Therefore, the RTA service provider is an utmost requirement for every mutual fund house to continue the overall process of investments.
