Is the following true or false? KIM has to be updated every 6 month - ProProfs Discuss
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Is the following true or false? KIM has to be updated every 6 months.

 

This question is part of NISM : Mutual Fund : Mock Test 3
Asked by Kaushalmandalia, Last updated: Feb 15, 2020

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3 Answers

Anika Nicole

Content Writer, Teacher

Anika Nicole, Wordsmith, PG In Journalism, New York

Answered Jun 26, 2018

False.

The procedure for updating of KIM shall be done at least once in a year and filed with SEBI forthwith. Hence, the given statement is undoubtedly false.

KIM stands forKey Information Memorandum as it contains the key information of the scheme about which an investor should know. KIM is said to be a summary of SID & SAI as it comes attached along with the application form of the scheme.

 

John Adney

John Adney

Answered May 25, 2017

KIM has to be updated every 6 months statement is true.
 

John Smith

John Smith

Answered Dec 08, 2016

False
 

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