This is Part 5 of our Premium NISM Mock test for NISM V A.
#1. In money market fund, for individuals and HUF investors DDT applicable is
In money market fund (not equity fund),
for individuals and HUF investors
DDT applicable is
29.12% (25% with 12% surcharge and 4% cess).
#2. In Debt fund, DDT applicable to Domestic company is
#3. In Debt fund, DDT applicable to NRI is
#4. In Infrastructure Debt fund, DDT applicable to NRI is
In Infrastructure Debt fund,
DDT applicable to NRI is 5.824% (5% with 12% surcharge and 4% cess)
#5. Which among the following option is due diligence criteria for individual distributors?
#6. Before the expiry of one month from the close of each half year, The mutual fund shall display the unaudited financial results
As per the SEBI,
It is mandatory for AMC to display the
unaudited financial results on their website
Before the expiry of one month from the close of each half year.
#7. Celebrities can endorse any schemes of a specific Mutual Fund
As per the SEBI advertising code for mutual funds,
celebs can’t endorse any scheme of a particular Mutual fund
#8. Permanent Retirement Account Number (PRAN) card is
PRAN card is issued only to NPS subscribers
and can be used as a valid photo id proof
for KYC verification for micro SIP.
#9. In NPS, investor can allocate their fund in
Investor can allocate their fund in four asset class:
Equity= Asset class E
Corporate Debt= Asset class C
Alternative investment product= Asset class A
Government bonds= Asset class G
#10. In NPS, which among the following investment options can't be consist in Alternative investment product (Asset class A)?
Corporate debt comes under Asset class C.
While all these options comes under Asset class A:
- Units issued by Real Estate Investment Trusts regulated by SEBI.
- Units issued by Infrastructure Investment Trusts regulated by SEBI.
- Commercial mortgage based securities.
- Asset backed securities regulated by SEBI.
- Alternate Investment funds registered by SEBI.
Remember the above options they are very important for exam.
#11. Investor can file suit against
Here the word Trust is refer to Mutual fund.
As we all know that Mutual Fund is Trust not a company.
So as per rules, Investors have right to sue Trustees but not Trust.
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 6 of Nism VA mock test.
Financial Technologies Knowledge Management Company (FTKMC) is a sister organization of Financial Technologies Limited (FTM). FTM is the promoter of Multi Commodities Exchange of India Limited (MCX), the largest commodities derivatives exchange in India.
If you have any doubt please comment below.