n NISM Certifications
X NISM Series X
Medium

The trustees of a superannuation trust are required to invest the trust money in accordance with which of the following?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. The pattern of investment given in the Income Tax (IT) rules

    Correct answer

  2. B

    The mandate given to them by the employer

  3. C

    The results of a poll for employee preferences in investment

  4. D

    The mandate made by them while forming the trust

Why this is the answer

Trustees of approved superannuation funds must adhere to the prescribed investment pattern outlined in the Income Tax Rules, ensuring compliance with legal and regulatory standards.

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