📊 NISM Series V-D Chapter 9 of 22 ⚖ 10 of 150 marks weightage

Ch.9: Investor Services

Practice questions for NISM-Series-VD: Mutual Fund - Specialised Investment Fund Distributors Certification Examination, Chapter 9: Investor Services — covering KYC/PAN requirements, FATCA/CRS compliance, nomination and transmission of units, minor's accounts and attaining majority, Power of Attorney, systematic transactions (STP/switch), dematerialization of units, the Consolidated Account Statement (CAS), and grievance redressal. Carries 10 out of 150 marks — the heaviest-weighted Module 1 chapter. The exam has 150 MCQs, 60% passing score, and −10% negative marking per wrong answer.

What You Will Learn in This Chapter

KYC norms, PAN requirements and exemptions, and FATCA/CRS compliance for investor onboarding
Nomination facility (including for minors), and the transmission of units process on the death of a unitholder
Minor's folios, the process on a minor attaining majority, and Power of Attorney (POA) arrangements
Systematic transactions (Systematic Transfer Plan, switches), dematerialization of mutual fund units, and third-party payment rules
Consolidated Account Statement (CAS), Common Account Number (CAN), unclaimed dividends/redemption proceeds, and investor grievance redressal mechanisms

Key Terms:KYCFATCA/CRSNominationTransmission of UnitsPower of Attorney (POA)Systematic Transfer Plan (STP)Consolidated Account Statement (CAS)Common Account Number (CAN)DematerializationMinor's Folio

Free Sample Question

Q1MCQEasyTypes of Transactions (Switch)

What does a 'Switch' transaction in mutual funds involve?

✓Transferring units from one scheme to another within the same fund house

BTransferring units from one fund house to another

CChanging the investment option (e.g., Growth to Dividend) within the same scheme

DSelling units and reinvesting the proceeds in the same scheme

💡 A 'Switch' transaction allows an investor to move their investment (units) from one scheme to another scheme offered by the same mutual fund house. This is treated as a redemption from the first scheme and a fresh purchase into the second scheme.

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 9: Investor Services 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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