n NISM Certifications
NSM General NISM
Medium

According to SEBI timelines, within how many business days of the closure of NFOs must mutual fund schemes allot units or refund money?

Practice question from Investor Services Test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Within 2 business days

  2. Within 5 business days

    Correct answer

  3. C

    Within 10 business days.

  4. D

    Within 15 business days.

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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