n NISM Certifications
VII NISM Series VII
Medium

For mutual fund transactions on the stock exchange platform, the units will be credited _______.

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Pool account of the trading member

  2. B

    Pool account of the Mutual Fund

  3. Directly to the investor’s account

    Correct answer

  4. D

    Pool account of the Registrar and Transfer Agent of the Mutual Fund

Why this is the answer

As per SEBI guidelines, mutual fund units traded on the stock exchange platform are credited directly to the investor’s demat or folio account. This bypasses the broker’s or clearing member’s pool accounts.

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NISM Series VII Mock Test 2