NISM Chapter 3 4%

Mutual funds are constituted as 'Trusts' in India. Who are the beneficiaries of the trust?

• Employees
• Distributors
• Unit Holders
• Trustees

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

• Asset Management Company
• Registrar & Transfer Agency
• Mutual Fund Trustees
• Unit Holders

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

• Registrar & Transfer Agency
• Custodian
• Auditors
• Unit Holders

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?

• True
• False

With which agency are the mutual fund distributors registered?

• SEBI
• Fund Accounting Team
• Depositories
• AMFI

AMFI is neither a regulatory body nor a Self- Regulatory Organisation (SRO). State whether it is true or false?

• True
• False

What is the minimum percent of networth of the AMC to be constituted by sponsors?

• 0.4
• 0.6
• 0.45
• 0.65

Who among the following ensures compliance with SEBI regulations and defines functioning of the AMC?

• Sponsors
• Custodian
• Trustees
• Depository

Who makes the application to SEBI for registration of a mutual fund?

• Sponsor
• Registrar
• Custodian
• Both (b) & (c)

Which of the Following is rated by a credit rating Agency?

• Equity Shares
• Equity Oriented Mutual Funds
• Debt Funds
• All of the above