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Units In A Mutual Fund Scheme Are Offered To Investors For The First Time Through A—
—– Prepares the scheme information document for the NFO. This needs to be approved by the —– and the ——-
—- The date from which the investors can offer their units for re-purchase to the scheme (at the re-purchase price); or buy new units of the scheme (at the sale price).
Close-ended schemes have an NFO open date and NFO close date. But they have no scheme re-opening date.
NFOS Other Than ELSS Can Remain Open For A Maximum Of—– DAYS
Allotment of units or refund of moneys, as the case may be, should be done within —business days of closure of the scheme
—— Is the price per unit that the investors have to pay to invest during the NFO.
—–For purchase, redemption /switch outs by investors is the price at which the investor purchases or receives redemptions/switch outs.
AMC can offer separate plans based on expense ratio apart from the direct plan and through distributor.
The reduced nav, after a dividend pay-out is called——. After a dividend is announced, and until it is paid out, it is referred to as —-.
In which of the following options dividend is not declared:
In which of the following options dividend is received in bank account :
In which of the following options increase in number of units on account of dividend declared:
Impact of dividend declared on nav in case of dividend pay out option:
Impact of dividend declared on nav in case of dividend reinvestment option:
Impact of dividend declared on nav in case of growth option:
Since entry load is banned, units in an nfo are sold at the —
In case of bonus issue, the net assets of the scheme remain the same – only the number of units’ increases – the nav will get reduced proportionately and the value of the investor’s holding does not change
Mutual funds issue the —–every month if there is a transaction during the month.
A —-for each calendar month is sent by post/email on or before 10th of the succeeding month provided there has been a financial transaction in the folio in the previous month.
Which of the following are eligible to invest in mutual fund?
Foreign investors can invest in equity schemes of MFS registered with SEBI after completing KYC process
Which of the following non individual investor are eligible to invest in mutual fund?
‘Who can invest?’ section is given in which document of scheme:
A Mutual fund investment can have up to — holders.
An investment for a minor cannot have joint holders.
Once a mutual fund folio is created as a jointly held account there can be no change in the joint holders except in case of death.
The applicant can make a nomination in favour of a maximum of —–nominees and indicate the percentage to each nominee.
The —— provides information on the minimum application amount.
The re-purchase price is the face value add exit load.
A ——- is a redemption from one scheme and a purchase into another combined into one transaction
—- Option provides the facility that on the specified date, each month, the bank will automatically transfer money from the investor’s account to the account of the mutual fund, both investor and mutual fund have account in same bank .
——-Is a facility where the investment application in a new fund offer (NFO) is accompanied by an authorization to the bank to block the amount of the application money in the investor’s bank account
Small investors, who may not be tax payers and may not have pan/bank accounts, such as farmers, small traders/businessmen/workers are allowed cash transactions for purchase of units in mutual funds to the extent of Rs—— per investor, per mutual fund, per financial year.
In case of redemptions by NRIs there will be no tax deducted at source applicable.
An individual investor can register up to —- bank accounts and a non-individual investor, —- bank accounts.
Equity oriented funds and debt funds (except liquid funds) in respect of purchases less than Rs. 2 lakhs. What is the cut off time .
What is the cut off time for liquid fund?
The —-on the transaction requests is done at the official points of acceptance.
For the KYC process which of the following documents are required:
Which of the following categories of investors are exempt from producing PAN:
Based on completion of KYC process with one capital market intermediary, the investor can invest across the capital market.
—- Facilitate this centralised KYC process.
Which of the following are the functions of central kyc registry
Range the following in order of KYC process:(I) The original documents of the identity and address proof are returned to the investor after verification while the forms and supporting documents are uploaded in the server of any centralised KRA.(II) The requisite form has to be filled-in along with supporting documents. The supporting documents (identity and address proof) are verified with the original documents(III) In-person verification (IPV) of the investor(IV) Details are uploaded on the KRA’s servers, the KYC process is complete.
Where investment is made by a minor, KYC requirements have to be complied with by the guardian.
In the case of investments by a power of attorney (POA) holder on behalf of an investor, KYC requirements have to be complied with, by investor only.
SEBI has mandated that investors other than individuals have to provide details of the
An UBO of a company is one who owns or is entitled to more than — percent of its shares or profits, more than — percent in case of partnerships and body of persons.
A benefit of such an approach, particularly in equity schemes, is that it averages the unit-holder’s cost of acquisition since more units are bought for the same amount of when the price/markets are down and fewer units when the price/markets are up.
— To invest a fixed sum of money at regular intervals over a period of time in a mutual fund scheme. It enables investors to build a corpus over time even with small sums invested.
SIP allows investors to benefit from the volatility in the market.
— Enables recurring redemptions from a scheme over a period of time at the applicable NAV on the date of each redemption.
—- Combines redemption from one scheme and an investment to another scheme of the same mutual fund.
An investor may opt for SWP for which of the following reasons:
— Is a facility that allows investors to invest the dividend earned in a mutual fund investment into another scheme of the same mutual fund.
Investors have the option to increase the sip amount at intervals chosen by them.
Investments by minors cannot have a nomination.
A power of attorney holder can make a nomination
A nomination can be changed or cancelled at any time.
Banks, NBFCS and other financiers often lend money against pledge of units by the unitholder.
The units that are offered as security for a loan should have completed the lock-in period, if any.
— Is a process whereby an investor’s holding of investments in physical form (Paper), is converted into a digital record
The investor also has the option to convert the demat units into physical form. This process is called—
Which of the following are benefit of dematerialisation:
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