NISM Series V A Mutual Fund Distributors Paper10
| Q1.Investors have bought 20 crore units of a mutual fund scheme at Rs. 10 each. The scheme has thus mobilized 20 crore units X Rs. 10 per unit i.e. Rs 200 crore. An amount of Rs. 140 crore is invested inequities. The balance amount of Rs 60 crore, mobilized from investors, was placed in bank deposits. Interest and dividend receivable (accrued but yet not received) by the scheme is Rs 8 crore, scheme expenses payable (accrued but not paid yet) is Rs 4 crore. Calculate the scheme’s NAV per unit. |
| Rs. 10.00 |
| Rs. 20.00 |
| Rs. 10.20 |
| Rs. 20.40 |
| Q2.AMC directors are appointed with the permission of SEBI - True or False? |
| False |
| True |
| Q3.___ have to make additional disclosures related to credit evaluation policy, sectors, and types of investments in the offer document. |
| ELSS Funds |
| Debt Funds |
| Sectoral Funds |
| Equity Funds |
| Q4.Which of the following statements is ‘TRUE’ with respect to the Scheme Information Document (SID) and Statement of Additional Information (SAI)? |
| These two documents are prepared in the format prescribed by the Association of Mutual Funds in India as part of AMFI’s Code of Conduct |
| These two documents are prepared in the format prescribed by the Association of Mutual Funds in India as part of AMFI’s Best Practices Circular |
| These two documents are prepared in the format prescribed by the Securities and Exchange Board of India |
| Each Asset Management Company is free to prepare these documents in the format they desire |
| Q5.What will happen if one of the joint holders of a mutual fund folio dies? |
| The folio will be canceled and the amount refunded |
| The units will be transferred to nominee/s |
| The units will be transferred to the heir of the deceased holder |
| The units will continue to be held by surviving joint holders |
| Q 6.In which of these options can an investor expect a cash flow in his bank account? |
| Bonus |
| Dividend Payout |
| Dividend Reinvestment |
| Growth |
| Q7.What is the role of the custodian of a mutual fund? |
| To issue a statement of funds holding to the investors |
| To execute the buy and sell orders in the stock market |
| To keep the safe custody of the securities of the mutual fund scheme |
| To issue account statements to the Mutual Fund unitholders |
| Q 8.Mutual funds offer facilities that help investors invest constant amounts regularly through a ____. |
| Systematic Withdrawal Plan |
| Systematic Transfer Plan |
| Systematic Saving Plan |
| Systematic Investment Plan |
| Q9.The facility of ASBA - 'Application Supported by Blocked Amount' is mainly for additional purchase of Mutual Funds units - State True or False? |
| True |
| False |
| Q10._____ style is an approach of picking up stocks, which are valued lower, based on fundamental analysis. |
| Dividend Yield |
| Value Investing |
| Growth Investing |
| Top-Down Approach |