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

Once a New Fund Offer closes, an open-ended mutual fund is open for purchases _________.

Practice question from NISM Series V A - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    By existing investors only

  2. B

    By existing investors on the stock exchange platform only

  3. C

    By both existing and new investors on the stock exchange platform only

  4. By both existing and new investors

    Correct answer

Why this is the answer

After the closure of a New Fund Offer (NFO), the fund is open for purchases by both new and existing investors, either directly or through the stock exchange platform.

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