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

In which case can a mutual fund charge an additional expense of 0.30% of daily net assets of the scheme?

Practice question from Nism VA Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. When new inflows from beyond top 30 cities are at least: i) 30% of the gross new inflows in the scheme OR (ii) 15% of the average AUM (YTD) of the scheme, whichever is higher.

    Correct answer

  2. B

    When the new inflows from beyond top 25 cities are at least 30% of the gross new inflows.

  3. C

    When the new inflows from beyond top 30 cities are at least 10% of the gross new inflows.

  4. D

    When the new inflows from beyond top 15 cities are at least 20% of the gross new inflows.

Why this is the answer

SEBI allows additional expenses if mutual funds attract significant investments from cities beyond the top 30, encouraging deeper financial penetration.

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Nism VA Mock Test 1