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

Identify the true statement as per AMFI’s Code of Conduct for Intermediaries of Mutual Funds.

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

Options

  1. A

    Intermediaries should rebate some of the commission received by them to the investors

  2. Intermediaries should abstain from making negative statements about any Asset Management Company or scheme

    Correct answer

  3. C

    Intermediaries should split applications so that they can earn higher transaction charges

Why this is the answer

AMFI’s Code of Conduct emphasizes that intermediaries must avoid making negative statements about any AMC or scheme and should ensure comparisons are made with relevant products.

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