n NISM Certifications
XVII NISM Series XVII
Medium

Investment Management Fee of NPS is charged before calculating the scheme’s NAV, affecting the net asset value.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Fund Management Fee

  2. Investment Management Fee

    Correct answer

  3. C

    Trust Management Fee

  4. D

    All of the above

Why this is the answer

The Investment Management Fee is deducted from assets, impacting NAV.

Test yourself for real

Take a full NISM Series XVII mock test.

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