Mutual funds are required to maintain voluminous records of investors’ transactions on a day-to-day basis. Registrar and transfer agents (RTAs) are trusts or institutions that register and maintain detailed records of such transactions to help mutual funds save time and cost. Investor transactions like buying, selling, switching in and out of various schemes, providing timely account statements and related information, changes in personal data, etc. occur frequently and have to be recorded. RTAs have skilled expertise for maintaining such data on a professional basis. RTA acts as a third-party as well as branches for their affiliated MFs as point-of-sale terminals.