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

The NAV which is applicable for processing an investor transaction depends on whether the transaction is received within the _________.

Practice question from Nism Va Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Asset Management Company's office timings

  2. B

    R&T Agents office timings

  3. C

    Stock Markets timing

  4. Cut-off time for the scheme

    Correct answer

Why this is the answer

The sale and re-purchase prices are a function of the applicable NAV for the transaction. The applicable NAV depends on the cut-off time prescribed for the particular type of scheme and the transaction value.

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