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

Which of the following is true for unclaimed dividends in mutual fund schemes?

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

Options

  1. Asset Management Company is expected to make a continuous effort to remind the investors to claim their dues

    Correct answer

  2. B

    The responsibility for ensuring that the dues are claimed lies with the distributor in a dividend plan

  3. C

    The responsibility for ensuring that the dues are claimed lies solely with the investor

Why this is the answer

AMC is expected to make a continuous effort to remind the investors through letters to claim their dues. The Annual Report has to mention the unclaimed amount and the number of such investors for each scheme.

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