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

Identify which of these is a function of the Association of Mutual Funds in India (AMFI)?

Practice question from Nism VA Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    To calculate the correct NAVs

  2. To make available the AUM, NAV, and other important data of the mutual fund industry

    Correct answer

  3. C

    To regulate and control insider trading

  4. D

    To manage the Investor Protection Fund

Why this is the answer

AMFI is responsible for making available data on the Assets Under Management (AUM), NAV, and other vital statistics of the mutual fund industry, helping investors and industry participants access key information.

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