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

Identify the false statement with respect to mutual fund scheme related documents.

Practice question from NISM Series V A - Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. KIM and SID are two broad types of scheme documents

    Correct answer

  2. B

    SID has details of the particular scheme

  3. C

    SAI has statutory information about the mutual fund

  4. D

    KIM is essentially a summary of the SID and SAI

Why this is the answer

The two broad scheme documents are SID (Scheme Information Document) and SAI (Statement of Additional Information). The KIM (Key Information Memorandum) is a summary of the SID and SAI.

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