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

Which is NOT included in the KIM ( Key Information Memorandum )?

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

Options

  1. A

    Dates of Issue Opening, Issue Closing and Re-opening

  2. B

    Investment Objective

  3. C

    Risk profile of the scheme

  4. Functions of the sponsor, trustee and AMC

    Correct answer

Why this is the answer

Some of the key items contained in the KIM are as follows: Name of the AMC, mutual fund, Trustee, Fund Manager and scheme; Dates of Issue Opening, Issue Closing and Re-opening for Sale and Re-purchase; Investment Objective; Risk profile of the scheme, i.e., a snapshot of the risk to the principal invested, the suitable investment horizon for investment, and the type of securities that the scheme will invest in. Asset allocation pattern of the scheme; Plans and Options; Benchmark Index; Performance of scheme and benchmark over the last 1 year, 3 years, 5 years and since inception; Expenses of the scheme; Dividend Policy; Information regarding registration of investor grievances.

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