SEBI Mutual Fund Regulations
60 practice questions on this topic
Which of the following is a SEBI regulation specifically designed to prevent mis-selling of mutual funds to investors?
EXPLANATION
SEBI and AMFI mandate that distributors must conduct risk profiling and suitability assessment before recommending any scheme. This ensures that the scheme recommended matches the investor's risk appetite, financial goals, and investment horizon, thereby preventing mis-selling.
Which certification is mandatorily required to obtain an ARN from AMFI?
EXPLANATION
NISM Series V-A (Mutual Fund Distributors) certification is mandatory to obtain an ARN from AMFI. This exam tests knowledge of mutual fund products, regulations, and distribution practices required to advise investors.
Under SEBI's 'skin in the game' regulations for AMCs, what are key personnel required to do?
EXPLANATION
SEBI's 'skin in the game' regulations (effective 2021) require key personnel of AMCs — including fund managers, CIOs, and CEOs — to invest a specified portion of their salary/CTC in the units of schemes under their management. This aligns their interests with those of unit holders.
Under SEBI regulations, what is the maximum period for which a close-ended scheme can be launched?
Under SEBI regulations, who is responsible for ensuring compliance with the Trust Deed and SEBI regulations on behalf of unit holders?
Which of the following persons is NOT eligible to obtain an ARN from AMFI?
What is the 'Additional Expense' that SEBI permits AMCs to charge over and above the basic TER?
Which body adjudicates investor complaints against mutual fund distributors?
Which of the following is NOT a mandatory disclosure in the Statement of Additional Information (SAI)?
What does KYC stand for in the context of mutual fund investing?
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