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Options
- A
A SIP cannot be done in a New Fund Offer (NFO)
- B
A SIP can be done only in an existing folio
- C
A SIP can be done in a Closed-end fund
-
A SIP can be used to initiate a fresh purchase of mutual funds
Correct answer
Why this is the answer
A SIP can be used to start a fresh investment in a mutual fund scheme, including during a New Fund Offer (NFO). It can also be used to make additional investments in an existing folio.
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