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

Mr. Amit wants to invest in a mutual fund scheme. He has to give the request for purchase specifying the _____ .

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

Options

  1. A

    Units he wants

  2. Amount he wants to invest

    Correct answer

  3. C

    Lots he wants

Why this is the answer

Purchase requests in an MF scheme can only be given specifying the amount the investor will be investing. The units allotted will depend on the NAV of the date of allotment. Re-purchase (Sale) requests can be given in Units to be sold or Amount required.

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