NISM Series V-A · Chapter 1
Section 1.1
Introduction to Mutual Funds
Exam-level questions on the concept & role of mutual funds, how schemes operate, NAV & AUM, advantages (professional management, diversification, liquidity, tax deferral, ELSS, SIP/SWP/STP), and limitations of mutual funds.
40
Questions
60%
Passing Score
1.1.1–1.1.4
Concept · Role · Operations
1.1.5–1.1.6
Advantages · Limitations
💡 1.1.1
Question 1
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Answer Review