NISM VA CHAPTER 3

—- Are the vehicles to mobilize moneys from investors to invest in different market and securities in line with investment objectives agreed upon between mutual fund and investor.

The application to SEBI for registration of mutual fund is made by —–

Mutual fund is set up as:

Mutual fund is set up as trust under which act:

—– Are appointed to take care of the interests of the investors in the various schemes launched by the mutual fund.

—– Is appointed to manage the activities related to launching a scheme, marketing it, collecting funds, investing the funds according to the scheme’s investment objectives and enabling investor transactions.

—- Is the total market value of assets that an investment company manages on behalf of investors.

Net asset value =

All investor transactions are conducted at the—nav of scheme.

——- Is the primary regulator of mutual funds in India.

—– Is the industry body that oversees the functioning of the industry and recommends best practices to be followed by the industry members.

Custodian is appointed by:

RTA stands for

Every trust has beneficiaries. The beneficiaries, in the case of a mutual fund trust, are the—

Day to Day Management of the Schemes is Handled by an—

To perform the trusteeship role, either individuals may be appointed as trustees or a trustee company may be appointed.

The AMC is appointed by the —-.

Although the AMC manages the schemes, custody of the assets of the scheme (Securities, Gold, Gold-Related Instruments & Real Estate Assets) is with

The sponsor needs to contribute a minimum 40 percent of the net worth of the AMC.

Sponsors have to contribute a minimum of rs.50,00,000 or 1 percent of the corpus raised in the NFO, whichever is higher, as initial contribution to the corpus of the mutual fund

Which of the following represent disqualification for appointment of trustee?

The sponsor will have to appoint at least — trustees.

Which of the following are the right and responsibilities of trustee?

The AMC needs to have a minimum net worth of—

Fund management team include which of the following:

—-Which is a big part of this unit, maintains investor records as well as allots or redeems units, processes purchase/redemption/switch requests, dividends, etc. It also generates the account statement that an investor receives

—- Performs the role of calculating the nav, by collecting information about the assets and liabilities of each scheme.

KYC means

To introduced a common KYC for investors investing in securities Markets. SEBI issued registration at:

—– Rate debt securities issued by various issuers.

—- Is an institution, which holds the securities in dematerialised or electronic form on behalf of the investors.

The depositories reach out to the investors through the:

Which of the following are the functions of AMFI:

A major role of AMFI involves the registration of mutual fund distributors, by allotting them—-

AMFI is neither a regulatory body nor a Self-Regulatory Organisation (SRO).

Mutual funds are constituted as ‘trusts’ in India. Who are the beneficiaries of the trust?

Who handles the day-to-day management of the mutual fund?

Whose job is it to track the various corporate actions like bonus, dividend, or rights issues in companies where the mutual fund scheme has invested?

Registrar and transfer agency function must be independent of the asset management company, and it cannot be retained in-house. State whether this statement is true or false.

With which agency are the mutual fund distributors registered?