n NISM Certifications
X NISM Series X
Medium

After the NFO of a closed-ended mutual fund, where are units traded?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Head Office of AMC

  2. Stock Exchanges

    Correct answer

  3. C

    Post Office

  4. D

    R&T Agents’ offices

Why this is the answer

Units of closed-ended funds are listed on stock exchanges, enabling investors to buy or sell on the secondary market.

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