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

Can the fundamental attributes of a scheme be changed? If yes, how?

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

Options

  1. A

    Yes but with the consent of 100% of the unit holders

  2. B

    Yes with the permission of SEBI and AMFI

  3. Yes but this should be communicated to unit holders who should be provided an option to exit the scheme

    Correct answer

  4. D

    No the fundamental attributes cannot be changed as it is based on these attributes that investors have invested their money

Why this is the answer

Changes to fundamental attributes can be made, but they must be communicated to the unit holders. They should also be given an option to exit the scheme at the current NAV without incurring an exit load.

Test yourself for real

Take a full NISM Series V-A mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.