n NISM Certifications
XXI NISM Series XXI-A
Medium

In the context of mutual funds, "Load" refers to:

Practice question from NISM XXI A for PMS - Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The total assets under management

  2. The sales charge or commission paid when buying or selling fund units

    Correct answer

  3. C

    The fund's expense ratio

  4. D

    The minimum investment amount

Why this is the answer

Loads are fees paid to brokers or fund managers.

Test yourself for real

Take a full NISM Series XXI-A mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.