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

When is the Scheme Information Document (SID) updated?

Practice question from NISM series VA - Mid length mock test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Every year

    Correct answer

  2. B

    Every month

  3. C

    Every two years

  4. D

    Every six months

Why this is the answer

As per SEBI regulations, the Scheme Information Document (SID) is required to be updated at least once a year, not six months. (Half-yearly updates are for portfolio disclosures, not SID).

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