NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Operational Aspects of Investment Management
Under the usual operating practice for a mutual fund investor in India, which document confirms the holdings of units across all schemes and folios of an investor, issued by the registrar or depositories on a periodic basis?
The Consolidated Account Statement confirms an investor's unit holdings and transactions across schemes and fund houses. Offer documents and KIMs describe scheme features, not the investor's personal holdings.
- AConsolidated Account StatementCorrect
- BOffer document
- CKey Information Memorandum
- DScheme Information Document addendum
Explanation
A Consolidated Account Statement (CAS) gives details of all mutual fund transactions and holdings of an investor across schemes and fund houses. The offer document, KIM and SID addendum describe the scheme, not the investor's holdings.
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