Nomination and transmission
Passing units on
Good service includes the hard moments. A simple nomination today spares an investor’s family real difficulty later, which is why the exam and real life both value it.
This lesson teaches a concept for the NISM Series V-A exam. It is education, not financial advice.
- 1
Nomination names who should receive the units if the investor dies.
- 2
It makes transmission, the passing of units to the nominee or heir, far smoother.
- 3
Without a nominee, heirs face more paperwork and delay to claim the units.
- 4
A Consolidated Account Statement (CAS) shows an investor all their holdings in one place.
With a registered nominee, a spouse can claim the units with far less hassle than without one.
Practice
🔥 0 streakReal exam format. Answer by voice, tap, or press 1 to 4. No negative marking, so always attempt.
Nomination decides:
Transmission is:
Without a nominee, heirs typically face:
A Consolidated Account Statement (CAS) shows:
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Education for the exam, not financial advice. Answers can be wrong, so confirm figures against the workbook.