Unit ko samjho · NISM Series II-B
Financial Transactions
12 questions is unit mein
Sawaal aur jawaab English mein hain, kyunki NISM ka exam paper bhi English mein hota hai.
Is unit mein kya hai
- What is an additional purchase in a mutual fund?
- An investor buys units worth ₹12,000 at NAV ₹30 with no charges. How many units are allotted?
- What does redemption mean in an open-ended mutual fund?
- An investor redeems 250 units at NAV ₹40 with no exit load or taxes assumed. What is the gross value?
- What is an exit load?
- A redemption has gross value ₹8,000 and a stated 1% exit load. Ignoring other deductions, what is paid?
- What is the purpose of a Systematic Investment Plan?
- What does a Systematic Withdrawal Plan normally do?
- What does a Systematic Transfer Plan do?
- An investor switches from one fund scheme to another. Which processing principle applies?
- A switch request reaches the RTA on time, but required funds for the destination purchase are delayed. What must be checked?
- An investor disputes a missing SWP instalment. Which RTA evidence is most useful?
Zaroori ideas
Practice bank se · 1
What is an additional purchase in a mutual fund?
An additional purchase adds investment to an existing eligible mutual fund holding or folio.
Hint Distinguish investing again from opening a fresh relationship.
II-B-128Practice bank se · 2
An investor buys units worth ₹12,000 at NAV ₹30 with no charges. How many units are allotted?
Allotted units equal ₹12,000 ÷ ₹30 = 400.
Hint Calculate units by amount divided by NAV.
II-B-129Practice bank se · 3
What does redemption mean in an open-ended mutual fund?
Redemption is the cancellation or purchase-back of units under the scheme's applicable conditions.
Hint Think about converting fund units into a payout.
II-B-130Practice bank se · 4
An investor redeems 250 units at NAV ₹40 with no exit load or taxes assumed. What is the gross value?
Gross value is 250 × ₹40 = ₹10,000.
Hint Multiply units redeemed by the relevant NAV.
II-B-131Practice bank se · 5
What is an exit load?
Exit load is a scheme charge that may apply to eligible redemptions under disclosed conditions.
Hint Think about costs triggered by withdrawal.
II-B-132Practice bank se · 6
A redemption has gross value ₹8,000 and a stated 1% exit load. Ignoring other deductions, what is paid?
Exit load is ₹8,000 × 1% = ₹80, so the amount is ₹7,920.
Hint Compute the percentage of the gross value and subtract.
II-B-133Practice bank se · 7
What is the purpose of a Systematic Investment Plan?
A SIP invests specified amounts periodically under the investor's authorised instructions.
Hint Think about scheduled additions to a fund.
II-B-134Practice bank se · 8
What does a Systematic Withdrawal Plan normally do?
An SWP provides planned periodic withdrawals through redemptions from the scheme.
Hint Think about regular money coming out of a holding.
II-B-135Practice bank se · 9
What does a Systematic Transfer Plan do?
An STP processes scheduled transfers between eligible schemes using redemption and purchase legs.
Hint Think about repeated transactions across two schemes.
II-B-136Practice bank se · 10
An investor switches from one fund scheme to another. Which processing principle applies?
A switch normally combines a redemption from the source scheme with a purchase in the destination scheme.
Hint Think about selling one holding and buying another.
II-B-137Practice bank se · 11
A switch request reaches the RTA on time, but required funds for the destination purchase are delayed. What must be checked?
Switch legs must follow their respective redemption, purchase, settlement and applicable NAV conditions.
Hint Treat a switch as two linked but distinct transaction legs.
II-B-138Practice bank se · 12
An investor disputes a missing SWP instalment. Which RTA evidence is most useful?
The RTA should trace the registered SWP schedule, unit redemption and resulting payment status.
Hint Trace the authorised instruction through redemption to payment.
II-B-139