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

Mr. Mohit has filled up an application form for subscribing to a mutual fund scheme. However, the address mentioned in the application form is different from the address provided at the time of KYC compliance. Which address will be included in the mutual fund’s records once the KYC compliance is validated?

Practice question from Nism VA Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. The address provided for KYC compliance

    Correct answer

  2. B

    The address provided in the application form

  3. C

    Mr. Mohit can indicate which address is correct

  4. D

    The address provided in the application form will be used for all communications

Why this is the answer

Once KYC compliance is validated, the address provided in the KYC form supersedes the one mentioned in the mutual fund application form.

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