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IFIC Mutual Funds Licensing Practice Exam · Question

Mutual fund redemption settles in:

Settlement shortened. The correct answer is "T+1 (post May 2024)". This reflects the accepted standard for the ific assessment and aligns with the official hand

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Question: Mutual fund redemption settles in:

Answer options: ✅ T+1 (post May 2024)

  • T+5
  • T+10
  • Same day

Correct answer: T+1 (post May 2024)

Explanation: Settlement shortened. The correct answer is "T+1 (post May 2024)". This reflects the accepted standard for the ific assessment and aligns with the official handbook for this competency.

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