Mutual Fund Distributors (MFD) Certification (NISM)
Investor Services
Q1.
An HUF is permitted to buy Mutual fund schemes
Q2.
Who are the individuals who are legally permitted to invest in mutual funds?
Q3.
Select the entity not permitted to invest in mutual funds in India?
Q4.
Some gilt schemes have specific plans, which are open only for Provident Funds, Superannuation and Gratuity Funds, Pension Funds, Religious and Charitable Trusts and Private Trusts.
Q5.
All offices of mutual funds serve as PoS for KYC documentation
Q6.
The KYC documentation has to be done only once, with CVL acting through the PoS
Q7.
In the case of investments by a Power of Attorney holder on behalf of an investor, KYC requirements have to be complied by
Q8.
PAN card is not necessary for all mutual fund investments in cash below Rs. 20000
Q9.
Micro SIP investment by who are exempt from PAN card submission?
Q10.
What is a process whereby an investor’s holding of investments in physical form (paper) is converted into a digital record?
Q11.
The investment amount divided by the sale price will give which figure?
Q12.
When does a mutual fund scheme allot new units for free
Q13.
Which kind of fund permits the investor to offer the units for repurchase to the mutual fund?
Q14.
Which is known as the traditional approach in which an investor can receive the money due to him from the scheme on re purchase of units?
Q15.
The method in which the investor can give instructions for the repurchase to be directly transferred to his account is called
Q16.
The cut off time with reference to mutual funds is prescribed by which authority
Q17.
NSC has extended its trading platform to help brokers. This platform is called ?
Q18.
BSE has extended its trading platform to help brokers. This platform is called?
Q19.
The following kind of transactions is possible both at NSE & BSE
Q20.
The transaction slip generated by the broking system does not include the time stamp
Q21.
The stock exchanges, together with their clearing corporation, handle the first leg of the transaction
Q22.
Mutual fund schemes offer which kind of options
Q23.
The reduced NAV value after dividend payout is called
Q24.
After announcement and until it is paid out it is referred to as?
Q25.
In a dividend payout option, the investor receives the dividend in his bank account
Q26.
What happens to the number of units held by the investor in case of dividend payout?`
Q27.
In dividend reinvestment option, the resulting NAV is called?
Q28.
In case of dividend reinvestment option what happens to the NAV?
Q29.
Dividend is not declared in a growth option
Q30.
The taxability applicable to a scheme is depended on?
Q31.
What is the approach called when the investor invests constant amounts at regular intervals?
Q32.
What is a variation of SWP?
Q33.
When an amount is periodically withdrawn from a scheme and is reinvested in some other scheme of the same mutual fund it is called?
Q34.
In which kind of investment are the unit holders cost acquisition averaged?
Q35.
If one joint holder of the mutual fund scheme dies then the units are transferred to the nominee
Q36.
When an investor can specify that the Units would be repurchased if the market reaches a particular level, in that case, once the market reaches that level, the Units would be repurchased, without the need for going through separate repurchase documentation. This process is known as?
Q37.
Investments in mutual funds can be made by
Q38.
STP is a combination of SIP &SWP
Q39.
Cut off timings guidelines is not applicable for
Q40.
Nomination and pledge options are available for mutual fund investors
Q41.
The mechanism used to ensure that the cutoff timing is strictly followed is called
Q42.
Demat has made it possible to trade in units in the stock exchange
Q43.
Cut off timing is the same for all type of mutual fund schemes
Q44.
A manner in which discipline can be brought into investing is by way of?