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

Mr. Ashu holds his mutual fund units in demat form. If he wants to change his nominee or his bank account, he has to contact the ______ and complete the required procedure.

Practice question from Nism VA Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Stock Exchange

  2. Depository Participant

    Correct answer

  3. C

    R&T agent of the mutual fund

  4. D

    AMC / Mutual fund

Why this is the answer

For mutual fund units held in demat form, any changes to personal details, including nominee or bank account information, must be made by contacting the Depository Participant (DP), who manages the demat accounts.

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Nism VA Mock Test 5