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

Identify the TRUE statement/s: (1) The Indian inheritance laws are NOT applicable to mutual fund unit holders (2) A Power of Attorney (POA) cannot make or change nominations in a mutual fund

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

Options

  1. A

    Only 1 is true

  2. Only 2 is true

    Correct answer

  3. C

    Both 1 and 2 are true

  4. D

    Both 1 and 2 are false

Why this is the answer

Indian inheritance laws are applicable to mutual fund unit holders. A Power of Attorney (POA) holder cannot make or change nominations in a mutual fund.

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