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

Statement of Additional Information (SAI) has to be regularly updated and the update has to be done by the end of 3 months every financial year - State whether True or False?

Practice question from NISM series VA - Mid length mock test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. True

    Correct answer

  2. B

    False

Why this is the answer

The Statement of Additional Information (SAI) must be updated regularly, and this update should be completed by the end of 3 months in every financial year. Any material changes must be updated promptly and made available on the mutual fund's website and AMFI’s website.

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