NISM Mock Test For Mutual Fund – Part 8 | NISM V A

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This is Part 8 of our Premium NISM Mock test for NISM V A.

#1. Stamp duty will be imposed on the transfer of mutual fund units.

From 1st July 2020,

Stamp duty will be imposed on the transfer of mutual fund units.

Stamp duty will be imposed on Transfer of units from one demat account to another at the rate of 0.015%.

#2. In case of HUF, long term capital gain tax on equity mutual fund is

Taxation for Individual and HUF is same.

#3. In case of Domestic company, long term capital gain tax on debt mutual fund is

Taxation for Individuals, HUF and Domestic companies is same.

So, long term capital gain tax on debt mutual fund is 20% with Indexation benefit for all of them.

#4. In an Conservative portfolio, the highest allocation is not in the support of

In Conservative portfolio,

there is relatively less equity exposure as Investors  here have less risk taking capacity.

So in a Conservative portfolio, the highest allocation is  in the favor of debt funds not equity.

While in Case of an Aggressive portfolio,

there is relatively more equity exposure as Investors here have more risk taking capacity.

#5. Only existing unit holders can use transaction slips

Only existing unit holders can used transaction slips as they got folio number already.

But first time and NFO investor can only use transaction slips after getting folio number.

#6. Reaping phase corresponds with

Reaping phase and distribution phase both are retirement phase of unit holder.

#7. The cut off time for Arbitrage fund repurchase is

It doesn’t matter whether mutual fund is Liquid or Arbitrage.

For all mutual funds the cut off time for repurchase is 3 pm.

#8. An investors invest Rs. 2 crores in Liquid fund. what would be the applicable NAV for allotments of units? If application is time stamped at 3:30 pm and funds available with mutual funds at 1:45 pm.

#9. An investors invest Rs. 1 crores in Liquid fund. what would be the applicable NAV for allotments of units? If application is time stamped at 1:30 pm and funds available with mutual funds at 1 pm.

#10. An investors invest Rs. 1 crores in Liquid fund. what would be the applicable NAV for allotments of units? If application is time stamped at 3 pm and funds available with mutual funds at 2 pm

#11. An investors invest Rs. 1 crore in Sector fund. what would be the applicable NAV for allotments of units? If application is time stamped at 1:30 pm and funds available with mutual funds at 2 pm.

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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 9 of Nism VA mock test.

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  • Investrors and Traders in Financial and Commodities Market
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  • Students pursuing education in Commerce and Business Management
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  • Treasury Managers
  • Producers and Consumers of Commodities.

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