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

Identify the TRUE statement/s with respect to Statement of Additional Information (SAI). (A) Regular update has to be done by the end of 3 months of every financial year (B) Material changes have to be updated on an ongoing basis and uploaded on the websites of the mutual fund and AMFI.

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

Options

  1. A

    Only A is true

  2. B

    Only B is true

  3. Both A and B are true

    Correct answer

  4. D

    None of the above

Why this is the answer

The SAI needs to be updated regularly by the end of 3 months of every financial year. Additionally, material changes must be updated on an ongoing basis and published on the mutual fund's and AMFI's websites.

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