NISM Series V A Mutual Fund Distributors Paper 09
| Q 1.An investor gives a local cheque of Rs 3 crore for investment in the Gilt scheme at 11.30 is. What would be the applicable NAV for this investment? |
| The closing NAV of the day preceding the date of application |
| The closing NAV of the next working day |
| The closing NAV of the application day |
| The NAV of the business day on which the funds are available for utilization |
| Q2.In which of these funds is Securities Transaction Tax (STT) not charged? |
| Fixed Maturity Plans (FMPs) |
| Equity index ETFs |
| ELSS - Equity Linked Savings Scheme |
| Blue-chip equity funds |
| Q3.Smita is a young investor and her parent's advice her to invest in fixed deposits of banks so that these funds can be used for her retirement. If Smita follows her parent's advice, what risk does she face? |
| She has to select the correct bank which is financially strong |
| There is a high risk of default in her portfolio |
| There is a risk of low returns |
| There is no risk as fixed deposits are quite safe |
| Q4.Identify the true statement as per AMFI’s Code of Conduct for Intermediaries of Mutual Funds. |
| Intermediaries should rebate some of the commission received by them to the investors |
| Intermediaries should abstain from making negative statements about any Asset Management Company or scheme |
| Intermediaries should split applications so that they can earn higher transaction charges |
| Q 5.Identify the true statement with respect to Total Expense Ratio? |
| The AMC is not allowed to change the Total Expense Ratio of a scheme during its entire lifetime |
| The AMC can change the Total Expense Ratio and it need not be communicated to the unitholders as its an internal matter |
| The AMC can change the Total Expense Ratio and it has to be communicated to all the unitholders |
| There is no term as - Total Expense Ratio for a mutual fund scheme |
| Q6.The New Fund Offer dates are published in the ____. |
| Both Key Information Memorandum and Scheme Information Document |
| Statement of Additional Information (SAI) |
| Key Information Memorandum (KIM) |
| Scheme Information Document (SID) |
| Q7.Which of these is an important criterion for choosing either the Growth option or the Dividend option in the same mutual fund scheme? |
| Returns on the scheme |
| Fund Manager |
| Tax status of the investor |
| Assets Managed by the scheme |
| Q8.Calculate the NAV for the following information: Value of stock 200 cr, Value of money market instruments - Rs 25 cr, Dividend accrued but not received - Rs 10 cr, Amount receivable on sale of shares - Rs 5 cr, Amount payable on the purchase of shares: Rs. 10.5 cr, Fees payable - Rs 1 cr. No. of outstanding units:3 cr |
| 75.83 |
| 80.77 |
| 76.16 |
| 79.17 |
| Q 9.Advertisements regarding Mutual Fund schemes shall not contain statements which directly or by implication or by omission may mislead the investor-State True or False? |
| True |
| False |
| Q 10. Which of the following cannot be considered for the purpose of selecting a scheme’s benchmark? |
| Scheme’s asset allocation pattern |
| Mutual fund scheme’s investment objective |
| Scheme’s past returns |
| The investment strategy of the MF scheme |