NISM Series V A Mutual Fund Distributors Paper 18

 8103

 application for additional purchase of MF units
 applications by SIP
 application for New Fund Offers (NFO)
 Fresh purchase by a new investor of an existing scheme

 

Q2.When is the Scheme Information Document (SID) updated?
 Every year
 Every month
 Every two years
 As per AMC decision

 

Q 3.Which of these entities can invest in Indian mutual funds? A) Foreign portfolio investor B) Insurance company C) Salaried individual
 Only C
 A and B
 B and C
All A, B, and C

 

Q4.Distributors can 'opt-out' of charging transaction charges __.
 at AMC level
 at investor level
 at scheme level
 at distributor level

 

Q5.Which is the first step that a mutual fund distributor should take in building a mutual fund portfolio for his investors?
 He should list the best performing funds for the investor to select
 He should set the financial goals of the investor
 He should invest the amount in a liquid fund and set a Systematic Transfer Plan in good equity funds
 He should list good equity funds with the lowest expense ratio for the investor to select

 

Q6.Relaxation in documentation requirements for micro-SIPs is available for _____.
Non-Resident Indians
Non-Individulas
 Hindu Undivided Family
 None of the Above

 

Q7.Gold Future Contracts _____.
 are traded on the Commodity Exchanges
are not standardized products
 can be bought through Mutual Funds
 None of the above

 

Q8.Different investors have different investment needs and objectives. This is the reason Mutual Fund offers different __.
 Plans
 Options
 Schemes
 Time horizons.

 

Q9.Identify the true statement with respect to 'Unclaimed Dividend' in mutual fund schemes.
If the plan is a regular plan, then it is the distributor's responsibility that the investor claims the dues
 It is the sole responsibility of the investor that he/she claims the dues
 The Asset Management Company (AMC) is expected to make a continuous effort to remind the investors through letters to claim their dues.
 All of the above are true

 

Q10.Does every trust have beneficiaries - True or False?
 True
 False

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