n NISM Certifications
XVII NISM Series XVII
Medium

On what basis is the pension fund’s management fee determined?

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

Options

  1. A

    Rate fixed by NPS Trust

  2. B

    Returns generated by the fund

  3. Assets under management (AUM)

    Correct answer

  4. D

    Fee set by PFRDA for each fund

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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.