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

SEBI has to approve the Scheme Related Documents in ______ .

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

Options

  1. A

    7 days

  2. B

    15 days

  3. C

    1 month

  4. SEBI does not approve the Scheme Related Documents. It only gives its observations

    Correct answer

Why this is the answer

SEBI does not approve mutual fund scheme documents but reviews them and provides observations. The mutual fund must incorporate these observations into the final documents.

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