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

What isthe maximum Total Expense Ratio chargeable in case of index funds?

Practice question from NET ASSET VALUE, TOTAL EXPENSE RATIO AND PRICING OF UNITS Test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. 1 percent of the daily net assets

    Correct answer

  2. B

    1.5 percent of the daily net assets

  3. C

    It depends as the TER changes in line with the size of the scheme

  4. D

    Any amount that the AMC may deem appropriate

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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