NISM VA Examination Practice Quiz
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Questions and Answers

What does a close-ended Mutual Fund have?

  • NAV
  • Fund Size (correct)
  • Number of distributors
  • Rate of return

    • Who determines the maximum load that a fund can charge?

  • AMFI
  • Distribution agents based on demand for the fund
  • SEBI
  • AMC (correct)

    • What does a gilt fund invest in?

  • In government securities only (correct)
  • In short-term securities
  • In instruments issued by companies with a sound track record
  • In very high quality equity only

    • Which fund type is associated with the highest risk?

    <p>Equity growth funds</p> Signup and view all the answers

    What happens to the NAV of a mutual fund?

    <p>Fluctuates with market price movements</p> Signup and view all the answers

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