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

An existing investor in mutual funds invests Rs 25,000 in ABC scheme’s direct plan. Calculate the amount that will be the net investment made in the scheme after accounting for transaction charges.

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

Options

  1. A

    Rs. 24,500

  2. Rs. 25,000

    Correct answer

  3. C

    Rs. 24,750

  4. D

    Rs. 24,800

Why this is the answer

For direct plans, no transaction charges are levied, so the entire Rs. 25,000 will be invested in the scheme.

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