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

Who specifies the heads of expenses that can be charged to a mutual fund scheme by the Asset Management Company?

Practice question from NISM Series V A - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. SEBI

    Correct answer

  2. B

    AMFI

  3. C

    Trustees

  4. D

    RBI

Why this is the answer

SEBI regulations specify the operating expenses that can be charged to a mutual fund scheme, including investment management fees, sales & marketing, administrative expenses, etc., which are collectively known as the Total Expense Ratio (TER).

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