n NISM Certifications
V-A NISM Series V-A
Medium

A mutual fund application form with multiple holders has to be signed by ______ .

Practice question from NISM Series V A - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Any of the holders

  2. All the holders

    Correct answer

  3. C

    Only the first holder

  4. D

    Only the first two holders

Why this is the answer

All holders in a joint account must sign the mutual fund application form, regardless of the mode of holding.

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