n NISM Certifications
VII NISM Series VII
Medium

In case of Mutual Fund units, the stock broker can request which type(s) of subscription/redemption requests?

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

Options

  1. A

    Physical Subscription – Fresh

  2. B

    Depository Subscription – Additional

  3. C

    Physical Subscription – Additional

  4. All of the above

    Correct answer

Why this is the answer

Brokers can handle all types of subscriptions/redemptions: physical (fresh/additional) and depository (fresh/additional), as well as physical/depository redemptions.

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