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

Some of the costs incurred by the Asset Management Companies to manage the mutual fund schemes can be charged to _________ in proportion to their holding of units in the scheme.

Practice question from NISM Series V A - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Distributors

  2. B

    Stock Brokers

  3. Unit holders

    Correct answer

  4. D

    Independent Financial Advisors

Why this is the answer

The costs incurred to manage a mutual fund scheme are passed on to the unit holders in proportion to the units they hold. This includes fund management and operational costs.

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