NISM-Series V-A: Mutual Fund Certification Exam Notes
Page 33 Of 63
Go to:
The accounts of the schemes need to be maintained distinct from the accounts of the AMC.
The auditor for the AMC has to be different from that of the schemes.
NAV is to be calculated upto 4 decimal places in the case of index funds, liquid funds and other debt funds.
NAV for equity and balanced funds is to be calculated upto at least 2 decimal places.
Investors can hold their units even in a fraction of 1 unit. current stock exchange trading systems restrict transacting on the exchange to whole units
MODELEXAM® 
www.realsoftinfoplan.com