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

Identify the true statement with respect to 'Unclaimed Dividend' in mutual fund schemes.

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

Options

  1. A

    If the plan is a regular plan, then it is the distributor's responsibility that the investor claims the dues

  2. B

    It is the sole responsibility of the investor that he/she claims the dues

  3. The Asset Management Company (AMC) is expected to make a continuous effort to remind the investors through letters to claim their dues

    Correct answer

  4. D

    All of the above are true

Why this is the answer

AMCs are responsible for reminding investors to claim unclaimed dividends through letters. The annual report also highlights the unclaimed amount and the number of affected investors for each scheme.

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