n NISM Certifications
X NISM Series X
Medium

After the closure of the New Fund Offer (NFO), mutual funds are ________.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Available for purchase and sale only on stock exchanges

  2. B

    Not available for further purchases

  3. C

    Available only to existing investors

  4. Available for both new and existing investors

    Correct answer

Why this is the answer

Once the NFO closes, the mutual fund scheme is open for all investors to buy or redeem units through the fund’s specified channels.

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