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

Identify the FALSE statement(s) with respect to BENCHMARKS of mutual fund schemes. (A) The right benchmark for a Sector Fund will be an index representing the respective sector (B) All Equity Funds schemes will have similar benchmarks

Practice question from NISM Series V A - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Only A is false

  2. Only B is false

    Correct answer

  3. C

    Both A and B are false

  4. D

    Neither A nor B are false

Why this is the answer

Different equity funds may have different benchmarks based on the type of stocks they invest in. For example, large-cap equity funds use indices like the Nifty 50 or Sensex, while mid-cap or sectoral funds use different relevant indices.

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