NISM Series 12 Securities Markets Foundation Certification Exam Notes
Page 67 Of 93
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Costs of Investing: Include expense ratios, exit loads, and transaction fees.
Expense Ratio: Total annual cost of managing a fund, expressed as a percentage.
Exit Load: Fee charged on redeeming units within a specified period.
Mutual Fund Regulations: SEBI’s 1996 regulations ensure transparency and investor protection.
Investor Services: AMCs provide account statements and grievance redressal.
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