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

Identify the false statement(s). (A) When an investor wants to redeem from a scheme, the distributor must suggest redemption from the scheme with the maximum exit load (B) The mutual fund distributors can ignore the impact of exit load at the time of repurchase

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

Options

  1. A

    Only statement A is false

  2. B

    Only statement B is false

  3. Both statements A and B are false

    Correct answer

Why this is the answer

Distributors should suggest redemption from the scheme with the minimum exit load and should always consider the impact of exit loads and taxes during repurchases/redemptions.

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