This is Part 3 of our Premium NISM Mock test for NISM V A.
#1. Transaction in the platforms of BSE and NSE are governed by
NSE and BSE are transaction aggregator.
So the transactional disputes and Transactions in the platforms of BSE and NSE are governed by AMC.
#2. What information should be included in the advertisement of NFO?
#3. For which Funds, the total expenses of the scheme shall not exceed 1.5% of the net assets?
The total expenses of the scheme shall not exceed 1.5% of the net assets in case of all passive funds. As Exchange traded funds are passive funds so their total expenses shall not exceed 1.5% of the net assets.
#4. In case of Fund of Fund schemes, the total expenses of the scheme
#5. Fund Accounting Fees can be charged to the scheme
Fund Accounting Fees can’t be charged to the scheme.
#6. Which among the following expenses can be charged to the scheme ?
#7. A Consolidated Account Statement for each calender month will be sent by email/post on or before
#8. In order to send Consolidated Account Statement, AMC will identify investors by their
#9. (STT) Security Transaction Tax is charged to Liquid Funds
(STT) Security Transaction Tax are only applicable to Equity and Equity-oriented funds at the time of redemption. As Liquid funds are Debt-oriented fund so STT is not applicable here.
#10. In the Growth option of Debt Mutual Fund scheme an Investor doesn't have
There is great advantage in the Growth option of Debt Mutual Fund scheme is that an Investor doesn’t have to pay tax on their income till the time capital gain is booked.
#11. NAV of fund will remain constant, if dividend is paid to investors
If dividend is paid to investors, NAV of fund will goes down to the extent of dividend paid plus addition of DDT.
Please keep this in mind the below paragraph is not related to NISM VA. This is only written to aware you about other certification other then NISM. If you are not interested, ignore reading this and click NEXT to continue solving Part 4 of Nism VA mock test.
Certified Financial Planner (CFP)
The Certified Financial Planner (CFP) course is given by Financial Planning Standards Board of India (FPSB). There are 4 modules. The course prepares the candidates as Investment Planning Advisors guiding people in investment across various asset classes to ensure financial security at older age. Banks and Insurance companies require large number of CFPs.
- We will discuss modules in next part.
If you have any doubt please comment below.