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

Mr. A is an existing investor in a mutual fund scheme and he is now investing Rs. 5000 in the direct plan of the scheme. What will be his net investment in the scheme after considering the transaction charges?

Practice question from NISM Series V A - Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rs. 4950

  2. B

    Rs. 4900

  3. C

    Rs. 4875

  4. Rs. 5000

    Correct answer

Why this is the answer

In a Direct Plan, there are no transaction charges. Therefore, Mr. A’s net investment will be the full amount of Rs. 5000.

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