NISM Mock Test For Mutual Fund – Part 5 | NISM V A

In money market fund (not equity fund),

for individuals and HUF investors

DDT applicable is

29.12% (25% with 12% surcharge and 4% cess).

In Infrastructure Debt fund,

DDT applicable to NRI is 5.824% (5% with 12% surcharge and 4% cess)

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.

As per the SEBI advertising code for mutual funds,

celebs can’t endorse any scheme of a particular Mutual fund

PRAN card is issued only to NPS subscribers

and can be used as a valid photo id proof

for KYC verification for micro SIP.

In NPS,

Investor can allocate their fund in four asset class:

1. Equity= Asset class E

2. Corporate Debt= Asset class C

3. Alternative investment product= Asset class A

4. Government bonds= Asset class G

Corporate debt comes under Asset class C.

While all these options comes under Asset class A:

1. Units issued by Real Estate Investment Trusts regulated by SEBI.
2. Units issued by Infrastructure Investment Trusts regulated by SEBI.
3. Commercial mortgage based securities.
4. Asset backed securities regulated by SEBI.
5. Alternate Investment funds registered by SEBI.   

Remember the above options they are very important for exam.

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.