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

The expenses of _______ cannot be charged to a mutual fund scheme.

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

Options

  1. A

    Custodian fees

  2. Software development

    Correct answer

  3. C

    Registrar services for transfer of units sold

  4. D

    GST - Goods and Service Tax

Why this is the answer

Expenses related to software development are considered general expenses for the Asset Management Company (AMC) and not scheme-specific. Therefore, such costs cannot be charged to a mutual fund scheme.

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