n NISM Certifications
NSM General NISM
Medium

Which of the following statements is ‘TRUE’ with respect to the Scheme Information Document (SID) and Statement of Additional Information (SAI)?

Practice question from SCHEME RELATED INFORMATION Test — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    These two documents are prepared in the format prescribed by Association of Mutual Funds in India as part of AMFI’s Code of Conduct

  2. B

    These two documents are prepared in the format prescribed by Association of Mutual Funds in India as part of AMFI’s Best Practices Circular

  3. These two documents are prepared in the format prescribed by Securities and Exchange Board of India

    Correct answer

  4. D

    Each Asset Management Company is free to prepare these documents in the format they desire

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

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