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

The investors of a mutual fund can terminate the AMC or wind up a scheme if _____ % or more of the unit holders agree to it.

Practice question from Nism VA Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    50%

  2. B

    60%

  3. C

    70%

  4. 75%

    Correct answer

Why this is the answer

SEBI regulations allow mutual fund investors to terminate the appointment of the Asset Management Company (AMC) or wind up a scheme if 75% or more of the unit holders agree to it.

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Nism VA Mock Test 6