Suitability duty
SEBI's regulation on Fraudulent and Unfair Trade Practices applies to the sale of mutual fund units, so a distributor is required to ensure a scheme suits the investor's needs and situation.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series V-D← All terms