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

Can an investor change his mutual fund distributor?

Practice question from NISM Series V A - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Yes, but a permission from AMFI and SEBI is needed for the same

  2. Yes, but the investor has to give a written request to the fund house

    Correct answer

  3. C

    Yes, but an upfront fee has to be paid to the existing distributor to cover up his loss of income

  4. D

    No, a change of distributor is not permitted by SEBI

Why this is the answer

Investors are allowed to change their mutual fund distributor or opt for direct investing. This can be done through a written request to the Asset Management Company (AMC). No permission from AMFI or SEBI is required for such a change.

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