NISM Series V-A Practice Questions - NISM-Series-V-A Mutual Fund Distributors Certification Examination Exam

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In a mutual fund, the money that an investor contributes is invested in a portfolio of securities held in trust on the investor's behalf. What does this make the investor?

A lender to the AMC under the SEBI (Mutual Funds) Regulations framework. A beneficial owner of the underlying portfolio in proportion to units held A creditor of the trustee as covered in the NISM Series V-A distributor workbook. A guarantor of the scheme's returns per AMFI guidance for mutual fund intermediaries in India.

Correct Answer:

A beneficial owner of the underlying portfolio in proportion to units held

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