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NISM Series V-D · Chapter 5: Scheme Related Information

योजना संबंधी जानकारी · NISM-Series-V-D: Mutual Fund – Specialized Investment Fund (SIF) Distributors Certification Examination

7% weightage · ~11 questions 150 questions · 180 minutes · 60% to pass · −0.10 per wrong answer 23 practice questions in our bank

What this chapter covers

The documents a scheme lives by — SID, SAI, KIM — and how to read them: investment objective, asset allocation, risk-o-meter, benchmark, loads, fund manager, and the change-in-fundamental-attribute rules.

SID, SAI, KIM — योजना के मूल दस्तावेज़ और उन्हें पढ़ने का तरीक़ा।

What to master before the exam

Exam tip: Ten marks. Learn the update frequency of SID/SAI/KIM and the NFO/allotment day-counts cold — they are near-certain questions.

Sample questions from this chapter

Five of the 23 questions in our free bank. Open the answer to see the explanation — every question in the mock test has one, in English and Hindi.

Question 1
“Please read the scheme related documents carefully” refers to which documents?
"कृपया योजना संबंधी दस्तावेज़ ध्यान से पढ़ें" किन दस्तावेज़ों को संदर्भित करता है?
  1. SID and the audited balance sheet of the AMCSID और AMC की लेखा-परीक्षित बैलेंस शीट
  2. Trust deed and KIMट्रस्ट डीड और KIM
  3. SAI and the fund fact sheetSAI और फंड फैक्ट शीट
  4. Scheme Information Document (SID) and Statement of Additional Information (SAI)योजना सूचना दस्तावेज़ (SID) और अतिरिक्त सूचना विवरण (SAI)
Show answer & explanation
Answer: D — Scheme Information Document (SID) and Statement of Additional Information (SAI)
The scheme related documents are the SID and the SAI (the KIM is a summary of the SID).
योजना संबंधी दस्तावेज़ SID और SAI हैं (KIM, SID का सारांश है)।
Question 2
The SID and SAI are prepared in the format prescribed by:
SID और SAI किसके द्वारा निर्धारित प्रारूप में तैयार किए जाते हैं?
  1. AMFI (Code of Conduct)AMFI (आचार संहिता)
  2. AMFI (Best Practices Circular)AMFI (बेस्ट प्रैक्टिस सर्कुलर)
  3. SEBISEBI
  4. Each AMC in its own formatप्रत्येक AMC अपने प्रारूप में
Show answer & explanation
Answer: C — SEBI
Both the SID and SAI are prepared in the format prescribed by SEBI, ensuring uniform disclosure across funds.
SID और SAI दोनों SEBI द्वारा निर्धारित प्रारूप में तैयार होते हैं, जिससे सभी फंडों में एकसमान प्रकटीकरण सुनिश्चित होता है।
Question 3
How often must the Key Information Memorandum (KIM) be updated?
की इन्फॉर्मेशन मेमोरेंडम (KIM) को कितनी बार अद्यतन करना चाहिए?
  1. At least once a monthकम-से-कम माह में एक बार
  2. At least once every six monthsकम-से-कम हर छह माह में एक बार
  3. At least once a yearकम-से-कम वर्ष में एक बार
  4. Never after first issueपहली बार जारी करने के बाद कभी नहीं
Show answer & explanation
Answer: B — At least once every six months
The KIM must be updated at least once every six months.
KIM को कम-से-कम हर छह माह में एक बार अद्यतन किया जाना चाहिए।
Question 4
Which of the following is NOT a statutory document?
निम्नलिखित में से कौन-सा वैधानिक (statutory) दस्तावेज़ नहीं है?
  1. Fund fact sheetफंड फैक्ट शीट
  2. Statement of Additional Information (SAI)अतिरिक्त सूचना विवरण (SAI)
  3. Scheme Information Document (SID)योजना सूचना दस्तावेज़ (SID)
  4. Key Information Memorandum (KIM)की इन्फॉर्मेशन मेमोरेंडम (KIM)
Show answer & explanation
Answer: A — Fund fact sheet
The SID, SAI and KIM are statutory documents; the fund fact sheet is a marketing/disclosure document, not statutory.
SID, SAI और KIM वैधानिक दस्तावेज़ हैं; फंड फैक्ट शीट एक विपणन/प्रकटीकरण दस्तावेज़ है, वैधानिक नहीं।
Question 5
On whose website is the NAV of a scheme disclosed?
किसी योजना की NAV किसकी वेबसाइट पर प्रकट की जाती है?
  1. RBIRBI
  2. The AMC (and AMFI)AMC (और AMFI)
  3. The Income Tax Departmentआयकर विभाग
  4. The stock exchange onlyकेवल स्टॉक एक्सचेंज
Show answer & explanation
Answer: B — The AMC (and AMFI)
NAV is disclosed on the AMC’s website and also on the AMFI website, so investors can access it easily.
NAV, AMC की वेबसाइट और AMFI वेबसाइट पर प्रकट की जाती है, ताकि निवेशक इसे आसानी से देख सकें।
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All V-D chapters

1. Investment Landscape · 5%2. Concept and Role of a Mutual Fund · 4%3. Legal Structure of Mutual Funds in India · 3%4. Legal and Regulatory Framework · 7%5. Scheme Related Information · 7%6. Fund Distribution and Channel Management · 4%7. NAV, Total Expense Ratio and Pricing of Units · 5%8. Taxation · 3%9. Investor Services · 10%10. Risk, Return and Performance of Funds · 5%11. Mutual Fund Scheme Performance · 5%12. Mutual Fund Scheme Selection · 10%13. Basics of Derivatives · 10%14. Understanding the Index · 5%15. Introduction to Forwards and Futures · 15%16. Introduction to Options · 13%17. Strategies using Equity Futures and Options · 9%18. Interest Rate, Instruments and Fixed Income · 6%19. Interest Rate Derivatives · 2%20. Exchange Traded Interest Rate Futures · 10%21. Exchange Traded Interest Rate Options · 6%22. Strategies using Interest Rate Derivatives · 6%
← Chapter 4: Legal and Regulatory Framework Chapter 6: Fund Distribution and Channel Management →

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