NISM Mutual Fund Exam Paper 1

In the context of NPS portfolio allocation based on Investors age is known as

The minimum holding period for capital gains to qualify as long term in the case of ETF-Gold scheme is

Which of the following is incorrect?

An investor gives a cheque of Rs 2 lacs for investing in a ELSS scheme at 2.30 pm at a Mutual Fund office. The NAV of which day will be applicable to him ?

Mutual funds investing in money market instruments need to comply with

Who is responsible for overall investments of the Fund

Risk appetite of investors is assessed through

Which website provides dedicated information regarding mutual funds?

Which of the following is true?

In the mutual funds space, Tracking Error is a metric most often used in the context of ____________.

What does KRA stand for?

Average Return of an investors portfolio is 55%. The risk free return for the market is 8%. The Beta of the investors portfolio is 1.2. Calculate the Treynor Ratio.

Year-wise cash flows going several years into future is a feature of comprehensive financial plan

A Growth mutual fund would be expected to invest in

NFOs other than ELSS can be open for a maximum of

Distribution phase of Wealth Cycle is a parallel of Retirement phase of Life Cycle

The Association of Mutual Funds has introduced KYD which is Known as ________

An investor looking for Capital Appreciation having a high risk tolerance and longterm horizon must invest in

The comparable for a liquid scheme is

Which of the following scheme need not be held for a minimum of 36 months in order to be treated as a Long Term Capital Asset?

The comparable for a liquid scheme is

Securities Transaction Tax is applicable to Debt Schemes

The Appropriate Benchmark for a Banking Fund

RGESS offers a rebate to first time retail investors in equity or mutual funds with annual income upto __________

The most appropriate measure of returns for a scheme in existence for several years is ______.

Physical Health Influences Ideal Asset Allocation of an Investor?

The MF Regulations prescribe

A man nearing his retirement will be in

An investor in a debt-oriented mutual fund scheme

What does EUIN stand for?

Purchase transaction in Equity Scheme for Rs 1 crore at 11 AM

Which one of the following is True with respect to Custodian

A due diligence certificate does not certify that

TIER 1 account of New Pension Scheme is known as Pension Account

What is the contribution of sponsor to net worth of Asset Management Company?

An example of closed end fund

Investors have bought 20 crore units of a mutual fund scheme at Rs 10 each.
An amount of Rs 140 crore, invested in equities, has appreciated by 10%.
The balance amount of Rs 60 crore, mobilized from investors, was placed in bank deposits.
Interest and dividend received by the scheme is Rs 8 crore,
Scheme expenses paid is Rs 4 crore, while a further expense of Rs 1 crore is payable.
Calculate NAV of the scheme?

An example of a derivative security is ______.

An investor who decides to go overweight on equities is taking a

Risk free return of the scheme is 5%, and standard deviation is 0.5. Return earned by the scheme is 7%. Sharpe Ratio is

A person who is better informed about markets is in a better position to take market risks, than someone who is ignorant about them.

An investor asks you in what order he should list the following schemes, going from the scheme with the least risk to the one with the highest risk. 1)Balanced Fund 2)Index Fund 3)Liquid Fund 4)Pharma Fund

A Mutual fund can benefit from economics of scale because of

A systematic withdrawal plan is ideal for

A technical analyst studies ___________.

Financial Planner is likely to offer advice on all except

Which of the below is a short-term capital asset?

SEBI has mandated AMCs to put in place a due diligence process to regulate distributors if they have

The assets of the mutual fund are held by

Pictorial representation of risk in schemes offered by a Mutual Fund is known as______

Trail commissions are linked to valuation of portfolio in the market

Generally, a portfolio that has 70% of its assets invested in stocks would be best suited for:

An index fund manager tries

Fundamental analysis is an evaluation of the strength of the company’s price-volume charts.

Consolidated Account Statement is a single account statement that consolidates financial transactions in all portfolios across Mutual Funds based on _________

NAV in a re-investment option comes down after payment of dividend

STP is a combination of SIP and SWP

Today’s costs can be translated into future requirement of funds using

On which website can you find the draft Scheme Information Document (SID) of mutual fund scheme(s) that will be launched in the future if approved?

When expecting a fall in market price, fund managers can reduce the loss in portfolio value by?

A mutual fund which deploys its funds in short-term instruments such as Treasury bills, commercial paper, and Certificate of Deposits.

An Investor redeemed units of Gold ETF 20 months after Investment.What is the tax treatment for the capital gains he got?

Certificates of Deposits (CDs) are issued by

If 75% of unit holders jointly decide; the services of the AMC can be terminated.

Higher the capital base, better the ability to financially take the downsides that come with risk

In case of a minor ,KYC is compulsory for Guardian.

Most investor service centre are offices of

Who is the authority to issue ARN number ?

NAV of a scheme is Rs 10 on Jan 1, 2006 and was Rs 11 after 10 months. What is the annualized return ?

Equity Linked Savings Schemes and Rajiv Gandhi Equity Savings Schemes offer tax benefits to investors.

Which of the following is NOT a characteristic of a balance fund?

Dividend distribution tax is applicable at ___% on investors other than individuals and HUFs

Commodities, as an asset class, include

AMFI Code of Ethics is meant for

Dividend distribution tax is applicable at ___% on investors other than individuals and HUFs in case of Debt and Liquid Schemes

Who cannot invest in Mutual Fund in India?

Statement of Account is to be sent to investors within ___ days of NFO closure

Constant amount offered for re-purchase at regular intervals is the concept of

Board of Trustees appoint Custodians for

A hybrid fund is one that

A company buying plant and machinery is buying

As per SEBI mandate the Minimum networth requirement for AMCs who wish to start operations has been increased to _______ since May 2014.

Strategic Asset Allocation is Based on Risk Profiling

The format of the KIM is decided by each fund

Investors in the _____________ should allot a higher proportion to Income Funds.

Appeal against SEBI ruling can be filed with

At least TWO THIRD of trustees has to be independent.

Cash is accepted as a mode of payment for Mutual Fund Investments to the extent of _______

PAN Card is compulsory for all MF investments above Rs 50,000 including SIPs

Which of the following withrespect to STT is TRUE?

Which of the following schemes are exempt from paying DDT?

Cut-off timing guidelines are not applicable for _____.

Capital Protection Schemes aim to provide capital protection based on

Distributors can time stamp the applications at their office.

Which of the following does a fundamental analyst study?

An investor has sold his investments in a Debt Mutual Fund Scheme two years after buying the units. The profits he earns are classified as _________________.

PAN Card is not required for mutual fund investments below Rs 50,000 per mutual fund per financial year, where payment is in cash.

Sector funds are highly diversified funds

A significant benefit of open-end schemes is

Model portfolios are a waste of time for financial planners