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

When a mutual fund distributor empanels with an AMC, he/she has to sign a declaration for ______ .

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

Options

  1. A

    Declaring the rebates given back to the investors

  2. B

    Ensuring that all employees who are selling mutual funds will have more than one ARN code

  3. C

    Guarantee of adding a minimum of 25 investors every month

  4. Commitment to abide by statutory codes, guidelines and circulars

    Correct answer

Why this is the answer

As per the procedure for getting empaneled as a mutual fund distributor with AMC, one of the requirements is: The applicant needs to sign a declaration, which provides for the following - Commitment to abide by instructions given, as also statutory codes, guidelines, and circulars.

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