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Options
- A
Non-Resident Indians (NRIs)
- B
Hindu Undivided Family (HUF)
-
Institutional Investors
Correct answer
- D
Minors
Why this is the answer
Institutional investors (e.g., corporate investors, banks, etc.) require a board resolution to authorize investments in mutual funds or other securities, as opposed to individuals or minors who don't need such formal documentation.
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