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NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Investor Services

An investor in a mutual fund scheme wants to receive scheme-related communication electronically only. Which document or process generally governs the investor's choice of delivering the Consolidated Account Statement (CAS) by email rather than physical copy?

The CAS is delivered by email where the investor has registered an email ID, and a physical copy is sent if the investor opts for it or no email ID is registered. The investor's choice in the folio governs, not the AMC, exchange or distributor.

  1. AThe investor's registered email ID and consent/option provided in the folio, with physical copy sent if the investor opts for it or no email is registeredCorrect
  2. BThe AMC's own discretion, irrespective of investor preference
  3. CThe stock exchange's listing agreement
  4. DThe distributor's internal policy

Explanation

CAS is sent by email where the investor has registered an email ID, unless the investor specifically opts for physical statements. Where no email is registered, a physical copy is dispatched. The AMC, exchange or distributor policy does not override the investor's option.

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