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Options
- A
The SIP will be registered for 3 years
- B
The SIP will be registered for only 2 years
-
The SIP will be registered for only 1 year till the investor attains majority
Correct answer
- D
The SIP will be registered for 3 years from the date of attaining majority
Why this is the answer
An SIP registered for a minor will be valid only until the minor attains majority (i.e., turns 18). After that, the folio needs to be converted, and standing instructions such as SIP may be suspended until the minor is legally an adult.
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