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

The AMFI Code of Ethics (ACE) sets out ________.

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

Options

  1. The standards of good practices to be followed by the AMCs in their operations and in their dealings with investors, intermediaries, and the public.

    Correct answer

  2. B

    The standards of good practices to be followed by the AMCs in their operations and in their dealings with mass media.

  3. C

    The standards of good practices to be followed by mutual fund distributors in their dealings with AMFI, AMCs, and investors.

  4. D

    The standards of good practices to be followed by fund managers in their dealings with AMFI and investors.

Why this is the answer

The AMFI Code of Ethics (ACE) sets out the standards of good practices to be followed by Asset Management Companies (AMCs) in their operations and dealings with investors, intermediaries, and the public to ensure high ethical and professional standards in the mutual fund industry.

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