Practice test--NISM--2024

At what prices are the bonus units issued to the unitholder?

• The price is decided by the AMC in consultation with the trustees

• The bonus Units are allotted free of cost

• At the prevailing NAV

• At the prevailing NAV divided by the Bonus ratio

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

• 65 percent

• 70 percent

• 80 percent

• 100 percent

Which among the following schemes would have lower risk of concentration?

• Multi-cap fund

• Focussed Fund

• Thematic Fund

• Sector fund

Each mutual fund scheme must have a stated investment objective. State whether True or False.

• True

• False

For an investor to get a quick sense of the level of risk involved in a mutual fund scheme, SEBI suggested a simplified framework known as.

• Riskometer

• Risk Factors

• Factsheet

• investors risk profilw

What is the real rate of return?

• Return that the investor gets after payment of all expenses

• Return that the investor gets after taxes

• Return that the investor gets after adjusting the risks

• Return that the investor gets after pa adjusting inflation

How many (maximum) bank accounts can a resident individual investor registered with a mutual folio?

• 1

• 2

• 3

• 5

Which of the following cannot be considered for the purpose of selecting a schemes bechmark?

• Mutual fund schemes investment objective

• Investment strategy of the MF scheme

• Scheme's asset allocation pattern

• Schemes past returns

Which of the following type of the analysis tracks the price and volume data related to trading in the security?

• Quantitative analysis

• Fundamental analysis

• Technical analysis

• Situation analysis

In case of capital gains from mutual fund investments. tax deduction at source (TDS) is applicable for:

• Minor through guardian

• Non-resident Indians (NRI)

• TDS is not applicable in case of mutual funds

• All Investors, who have invested more than Rs.5 lacs