NISM Mock Test For Mutual Fund – Part 6 | NISM V A

This is Part 6 of our Premium NISM Mock test for NISM V A.

#1. 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.

#2. Mutual fund units are

All Mutual fund  are exempt for wealth tax, no exceptions.

#3. Small cap and mid cap funds turns risker during

Small cap and mid cap funds turns risker during recession and Market turmoil because market fall and rapid fluctuations affects Small and Mid cap funds more than Large cap funds as Large cap have relatively strong Fundamentals.

And in case of Low interest rate, almost all funds gets benefit from it. As companies have to pay less interest on their Debt which means more profitability of companies.

#4. One ARN number is enough to empanelled with

One ARN number is enough for Mutual fund Distributor to empanelled with any AMC.  

For instance: In India there are total 44 AMCs.

An Mutual fund Distributor  in India can empanelled with any of them with one ARN number.

 It doesn’t matter whether AMC is Sundaram Mutual Fund or L&T Mutual Fund.

#5. Movement in security prices are governed by SEBI

SEBI have no control in movement in security prices. As SEBI has no control on demand and supply so automatically have no control in fluctuations in shares.

#6. Statement of Additional Information (SAI) not contained

SID contained Scheme specific information

while SAI contained General

information about the Mutual fund.

#7. There is no difference in Gold sector fund and Gold ETF.

Gold sector funds are active funds which invest in a company who works in sector of gold.

while Gold ETF are passive funds which invest in gold itself.

#8. As per SEBI, Application form must be attached with

#9. Rematerialization is a process by which

While in case of De materialization

units in physical form are converted into electronic form.

#10. ELSS fund has

Exchange traded funds have no lock-in period as they are traded in exchange.

#11. A Mutual Fund Trust is

Mutual Fund is a Trust not a company. And AMC is managing investor’s money not their own. So they are exempt from tax.



Other Certifications:

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 7 of Nism VA mock test.

FTKMC Modules:

FTKMC is currently engaged in spreading education on Commodities Futures in India and abroad through its various structured modules:

  • Commodities Futures (MCCP)
  • Currency Futures
  • Interest Rate Futures

So far we have discuss about CFP, FTKMC and it’s modules. If you have any doubt please comment below.

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