The face value of a single unit of a mutual fund scheme in India is ty…

Question

The face value of a single unit of a mutual fund scheme in India is typically

Accepted Answer

B. {'text': 'Rs. 10', 'label': 'B'}

1. Every scheme unit carries a fixed face value used for accounting.
2. The workbook records the typical face value as Rs. 10 per unit.
3. Multiplying units issued by face value gives the scheme's unit capital.
4. The other rupee figures are not the standard face value.
_Source: NISM Series V-A: Mutual Fund Distributors Workbook (Dec 2019), Ch 2 "Concept and Role of a Mutual Fund", §2.1.4_

Answer

{'text': 'Rs. 1', 'label': 'A'}

Answer

{'text': 'Rs. 100', 'label': 'C'}

Answer

{'text': 'Rs. 1,000', 'label': 'D'}