n NISM Certifications
V-A NISM Series V-A
Medium

AMFI Code of Ethics states that _______ cannot become a distributor of mutual funds.

Practice question from Nism VA Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Banks

  2. B

    HNIs

  3. Employees of AMC

    Correct answer

  4. D

    Empanelled distributors

Why this is the answer

According to the AMFI Code of Ethics, employees of Asset Management Companies (AMCs) cannot become distributors of mutual funds to avoid potential conflicts of interest.

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