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Options
-
Institutional investors
Correct answer
- B
Hindu Undivided Family (HUF)
- C
Non Resident Indians (NRI)
- D
High net worth individuals (HNI)
Why this is the answer
Since institutional investors are not natural persons, investments on their behalf must be made by authorized signatories. These signatories are typically designated through a Board Resolution that authorizes specific individuals to invest on behalf of the institution.
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