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

In case of _______ , the Net Asset Value has to be declared for up to 4 decimal points.

Practice question from Nism VA Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Mid Cap and Small Cap Funds

  2. Liquid Funds

    Correct answer

  3. C

    Aggressive Hybrid Funds

  4. D

    ELSS Funds

Why this is the answer

The Net Asset Value (NAV) for Liquid Funds and Index Funds must be declared up to 4 decimal points. Other types of funds, such as equity and balanced funds, typically calculate NAV to 2 decimal places.

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