📊 NISM Series V-D Chapter 5 of 22 ⚖ 7 of 150 marks weightage

Ch.5: Scheme Related Information

Practice questions for NISM-Series-VD: Mutual Fund - Specialised Investment Fund Distributors Certification Examination, Chapter 5: Scheme Related Information — covering offer documents (SID, SAI, KIM) and their hierarchy, fundamental attributes of a scheme, NAV applicability and cut-off timings, Total Expense Ratio and loads, the Riskometer, portfolio and performance disclosure, rights and obligations of unitholders, and scheme classification. Carries 7 out of 150 marks. The exam has 150 MCQs, 60% passing score, and −10% negative marking per wrong answer.

What You Will Learn in This Chapter

Offer document hierarchy — Scheme Information Document (SID), Statement of Additional Information (SAI), and Key Information Memorandum (KIM) — and their respective disclosures
Fundamental attributes of a scheme, and the process/investor rights around changes in fundamental attributes
NAV applicability, cut-off timings across scheme types, and the Total Expense Ratio (TER) and load structure
Mandatory scheme disclosures — Riskometer, portfolio disclosure, Fund Fact Sheet, Consolidated Account Statement (CAS), and unclaimed dividends/redemption proceeds
Rights and obligations of unitholders, New Fund Offer (NFO) process, and scheme classification/categorization under SEBI norms

Key Terms:Scheme Information Document (SID)Statement of Additional Information (SAI)Key Information Memorandum (KIM)Fundamental AttributesRiskometerTotal Expense Ratio (TER)Exit LoadConsolidated Account Statement (CAS)New Fund Offer (NFO)Applicable NAV

Free Sample Question

Q1MCQEasyRole of Registrar and Transfer Agent (RTA)

What is a primary function of the Registrar and Transfer Agent (RTA) for a mutual fund?

AManaging the investment portfolio of the scheme.

BHolding the securities and assets of the scheme in custody.

✓Processing investor applications, redemptions, and maintaining unitholder records.

DAuditing the financial statements of the mutual fund.

💡 The core function of a Registrar and Transfer Agent (RTA) in a mutual fund is to process all investor transactions (applications, redemptions, switches), maintain an accurate record of unitholders, and handle dividend/redemption payouts. They are the primary interface for investors regarding transactional services.

49 more questions in this chapter

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About this content: These practice questions are based on the NISM-Series-VD: Mutual Fund - Specialised Investment Fund Distributors Certification Examination Workbook published by the National Institute of Securities Markets (NISM), Mumbai (March 2026 edition). NISM is a SEBI-established institution. Questions cover Chapter 5: Scheme Related Information with verified answers and explanations. BullWiser is an independent exam preparation platform — not affiliated with NISM, SEBI or AMFI. Last updated: July 24, 2026.

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