NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Scheme Related Information
Which of the following best describes a Dynamic Asset Allocation or Balanced Advantage Fund as per SEBI categorisation?
A Dynamic Asset Allocation or Balanced Advantage Fund shifts its mix between equity and debt dynamically according to the fund manager's model or view, rather than holding a fixed proportion in each asset class.
- AInvests at least 65% in equity and at least 25% in debt, fixed
- BInvests in equity and debt with dynamic allocation between themCorrect
- CInvests only in gold and silver
- DInvests only in overnight securities
Explanation
SEBI describes a Dynamic Asset Allocation or Balanced Advantage Fund as one that dynamically manages the allocation between equity and debt, with no fixed split. The fixed-ratio description fits hybrid schemes with prescribed ranges, so it is wrong here.
Did you get it right without looking?
One question tells you little. A timed set on Scheme Related Information shows your real accuracy, how long you take and where you lose marks.
More Scheme Related Information questions
- Which of the following best describes a Fixed Maturity Plan (FMP) in India?
- In a mutual fund scheme, the Systematic Withdrawal Plan (SWP) facility allows an investor to:
- Which statement about a Fixed Maturity Plan (FMP) in India is correct?
- Which feature is true of an Equity Linked Savings Scheme (ELSS)?
- Which statement about a Fund of Funds (FoF) scheme is correct?
- Which statement about a Systematic Withdrawal Plan (SWP) is correct?