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

The NAV applicable for processing a mutual fund transaction depends on ________.

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

Options

  1. A

    The type of scheme

  2. B

    The day of transaction

  3. C

    The time of transaction

  4. All of the above

    Correct answer

Why this is the answer

The applicable NAV for a transaction depends on the type of scheme, the day, and the time of the transaction. Different schemes (e.g., Equity/Debt) have different cut-off times and transaction values that affect the NAV.

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