Unit ko samjho · NISM Series V-D
Legal Structure of Mutual Funds in India
3 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
- Which entity is primarily responsible for making and managing investment decisions for a mutual fund scheme within its mandate?
- A reviewer wants independent confirmation that a fund’s securities are held in custody. Which service provider is most directly relevant?
- Two issues arise: the AMC’s compliance with the scheme mandate needs oversight, and an investor needs a folio transaction record corrected. Which pairing best matches the functions?
Zaroori ideas
Practice bank se · 1
Which entity is primarily responsible for making and managing investment decisions for a mutual fund scheme within its mandate?
The AMC manages scheme investments through its authorised investment team. Custody, investor servicing and banking are separate functions in the fund arrangement. Remember: Distinguish portfolio management from custody and recordkeeping.
Hint Identify the entity that employs the investment-management function.
V-D-010Practice bank se · 2
A reviewer wants independent confirmation that a fund’s securities are held in custody. Which service provider is most directly relevant?
The custodian performs the safekeeping and related custody functions for the fund’s securities. This role is separate from selling units and selecting investments. Remember: A clear division of roles supports operational control.
Hint The question concerns safekeeping of underlying securities.
V-D-011Practice bank se · 3
Two issues arise: the AMC’s compliance with the scheme mandate needs oversight, and an investor needs a folio transaction record corrected. Which pairing best matches the functions?
Trustees oversee the AMC’s management of the mutual fund in the interests of unitholders. The RTA supports the administration of investor records and transactions through established controls. Remember: A complaint should be directed to the function responsible for the underlying issue.
Hint Match governance oversight and account administration to different functions.
V-D-012