Economics · Economy
Evaluate the operational mechanics and regulatory attributes of systematic mutual fund investment facilities based on Indian regulations: Statement 1: In a Systematic Investment Plan (SIP), if the designated investment date falls on a non-business day, the transaction executes on the subsequent business day at that day's NAV. Statement 2: A Systematic Transfer Plan (STP) can only be executed between two distinct schemes within the same fund house (AMC). Statement 3: Each separate tranche of a Systematic Withdrawal Plan (SWP) is legally treated as a distinct redemption, and capital gains are calculated using holding periods specific to the individual units redeemed. Statement 4: A 'Step-up SIP' allows an investor to automatically scale up the periodic investment amount by a predefined absolute value or percentage at scheduled intervals.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1All four statements are correct.✓
- 2Only Statement 1 and Statement 4 are correct.
- 3Only Statement 3 and Statement 4 are correct.
- 4Only Statement 1 and Statement 2 are correct.
Correct answer
All four statements are correct.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Economy MCQs →Want more practice questions on Economy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economy