Skip to content

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

Which document must a mutual fund send to an investor after every financial transaction in a folio, other than a SIP, in order to confirm the transaction?

A mutual fund confirms each transaction through an allotment or transaction confirmation and account statement sent to the investor. Offer documents like the SID or SAI addendum describe the scheme, and an annual report is a periodic disclosure, so none of them serve as transaction confirmation.

  1. AAccount statement or transaction confirmation (allotment confirmation)Correct
  2. BAnnual report of the AMC only
  3. CScheme Information Document
  4. DAddendum to the Statement of Additional Information

Explanation

After each transaction such as purchase or redemption, the investor receives a confirmation of allotment or redemption through SMS or email, and account statements are issued as per SEBI norms. The SID and SAI addendum are offer documents, not transaction confirmations. An annual report is a periodic disclosure, not a transaction confirmation.

Did you get it right without looking?

One question tells you little. A timed set on Investor Services shows your real accuracy, how long you take and where you lose marks.

Practise Investor ServicesFree diagnostic mock

More Investor Services questions