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

Identify the FALSE statement: (1) When an investor sells his mutual fund units, the re-purchase is done by the mutual funD) Therefore, the investor does not have to bear a tax on the capital gains. (2) When an investor invests in a debt mutual fund for more than three years, the capital gains will be considered as Long term capital gain.

Practice question from Nism VA Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Only 1 is false

    Correct answer

  2. B

    Only 2 is false

  3. C

    Both 1 and 2 are false

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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