NISM-Series V-A: Mutual Fund Certification Exam Notes
Page 20 Of 63
Go to:
Pension Fund Regulatory and Development Authority of India (PFRDA) regulates the pension market
When the mutual fund scheme has been in existence for more than 3 years - Performance advertisement of mutual fund schemes shall be provided in terms of CAGR for the past 1 year, 3 years, 5 years and since inception
Point-to-point returns on a standard investment of Rs. 10,000 shall also be shown in addition to CAGR for the scheme to provide ease of understanding to retail investors.
Right to beneficial ownership - Unit-holders have proportionate right to the beneficial ownership of the assets of the scheme. Investor can ask for a Unit Certificate for his Unit-holding
Right to change the distributor - Investors can choose to change their distributor or opt for direct investing through a written request by the investor.
MODELEXAM® 
www.realsoftinfoplan.com