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

_______ is not included in the fundamental attributes of a mutual fund scheme.

Practice question from NISM Series V A - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Exit loads

    Correct answer

  2. B

    Liquidity provisions such as listing, repurchase, redemption

  3. C

    Aggregate fees and expenses charged to the scheme

  4. D

    Any safety net or guarantee provided

Why this is the answer

The fundamental attributes of a mutual fund scheme include the type of scheme, investment objective, and terms of issue, but exit loads are not part of the fundamental attributes. Exit loads are typically charged when investors redeem their units.

Test yourself for real

Take a full NISM Series V-A mock test.

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

NISM Series V A - Mock Test 2 Free