CHAPTER NISM VA 4

—- Regulates the banking system, as well as money markets

— Regulates the securities markets.

—- Regulates the insurance market.

—- Regulates the pension market.

WHICH of the following are functions of SEBI?

SEBI has mandated that the scheme performance should be compared with the total return index, as against the price return index.

—- Considers only the price movement of its constituents and thus captures only the capital gains of the constituents

—- All dividends/interest payments that are generated from the basket of components that make up the index in addition to the capital gains.

The mutual fund will buy and sell securities on delivery basis.

The Mutual Fund can advance any loans.

The Mutual Fund under all its schemes shall not own more than —- percent of a company’s paid up capital bearing voting rights

A mutual fund scheme shall not invest more than —percent of its NAV in debt instruments comprising money market instruments and non-money market instruments issued by a single issuer which are rated not below investment grade by a credit rating agency authorised to carry out such activity under the Act.

The ELSS notification requires that at least —percent of the ELSS funds should be invested in equity and equity-linked securities.

Which of the following statement represent SEBI advertisement code for mutual fund?

No celebrities shall form part of the advertisement. TRUE OR FALSE

Celebrity endorsements of Mutual Funds at industry level are subject to the following conditions:

Which of the following are the rights of investor?

Investors can pledge their mutual fund units.

If there is a change in the fundamental attributes of a mutual fund scheme, then the unitholders are provided the option to exit at the prevailing NAV without any exit load.

How to terminate appointment of an AMC?

If the investor claims the money within — years, then payment is based on prevailing NAV i.e. after adding the income earned on the unclaimed money.

If the investor claims the money after — years, then payment is based on the NAV at the end of — years.

—- Is a web based centralized grievance redress system of SEBI.

Entities against which complaints are handled by SEBI include:

Which of the following regulates mutual funds in India?

Mutual funds can buy and sell securities only on delivery basis. State whether this statement is True or False.

What minimum percentage of the mutual fund scheme corpus must be invested in equity and related instruments in case of Equity Linked Savings Schemes (ELSS)?

Which of the following statements is ‘True’ with respect to celebrity endorsement for mutual funds?

Investors have the right to specify up to ___ nominees for their mutual fund investment folios.