NISM-Series V-A: Mutual Fund Certification Exam Notes
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Gold Exchange Traded Funds (GETFs) are intended to offer investors a means of participating in the gold bullion market by buying and selling units on the Stock Exchanges, without taking physical delivery of gold. NAV of GOLD ETF depends on Real Prices of GOLD Bullion.
Capital Protected Schemes are close-ended schemes, which are structured to ensure that investors get their principal back, irrespective of what happens to the market.
Fund of Funds (FOFs) are schemes that invest in other mutual fund schemes. Minimum investment in the underlying fund - 95% of total assets.
Fixed Maturity Plans are a kind of close-ended debt fund where the duration of the investment portfolio is closely aligned to the maturity of the scheme.
Infrastructure Debt Funds are investment vehicles which can be sponsored by commercial banks and NBFCs in India in which domestic/offshore institutional investors, specially insurance and pension funds can invest through units and bonds issued by the IDFs.
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