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

In case of any conflict between the Principles of Fair Valuation and AMC's Valuation Guidelines, _________.

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

Options

  1. A

    The Valuation Guidelines will prevail

  2. The Principles of Fair Valuation will prevail

    Correct answer

  3. C

    Both are same so there will never be a conflict

  4. D

    SEBI will decide which is correct

Why this is the answer

In case of a conflict between the Principles of Fair Valuation and the AMC's Valuation Guidelines, the Principles of Fair Valuation, as laid down by SEBI, will take precedence.

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