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Options
- A
He can appeal to SEBI and get a remedy
- B
He can get a remedy from the AMC
-
He is not likely to get any remedy from the AMC
Correct answer
- D
He is likely to get a remedy from the trustees of the AMC
Why this is the answer
The offer document of a mutual fund clearly states that mutual fund investments are subject to market risks. Stock market fluctuations can cause the NAV of equity funds to rise or fall. This is a normal market condition, and neither the AMC nor SEBI can offer a remedy for such fluctuations, as they are inherent to equity market investments.
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