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

Which of these expenses can be charged to a mutual fund scheme by the AMC?

Practice question from NISM Series V A - Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Office salaries of the fund management team

  2. B

    Rent of the AMC registered office

  3. C

    AMC general administration expenses

  4. Custodian and Fund Administrator fees

    Correct answer

Why this is the answer

The AMC (Asset Management Company) can charge a mutual fund scheme for custodian fees, fund administrator fees, and certain other recurring expenses like marketing, registrar services, and transaction costs. Office salaries and general administration expenses are typically not charged to the fund.

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